Investment Overview

Levin Johnston has been selected to exclusively market for sale 1940-1942 Menalto Ave, an exceptional pride-of-ownership investment opportunity centrally located between the world class cities of Menlo Park and Palo Alto. Situated on a huge 15,583 square foot parcel of land, the subject property was originally constructed in 1977 and offers a gross building area of approximately 3,990 square feet. The subject property consists of two large three-bedroom houses interconnected by private garages. These popular layouts feature updated kitchens, granite countertops, stainless-steel appliances, updated bathrooms, private garage parking, in-unit washer/dryers and private large yards. Investors have the rare opportunity to acquire a pride-of-ownership asset with potential for ADUs and cosmetic interior/exterior upgrades in the future. The local neighborhood offers convenient access to West Bay Dry Cleaners, Cafe Zoe, Stanford Children's Health Pediatrician, La Hacienda Market and much more. Tenants can bike to Stanford, Palo Alto and walk to the nearby Burgess Park Civic Center, with tennis courts, pools, playing fields and a library. Also nearby is Menlo Park’s Guild concert venue, Palo Alto's University Avenue restaurant scene and the world-class Stanford Shopping Center. The subject property offers convenient access to transportation options including the city of Menlo Park's bus service, providing transportation to numerous educational institutions and major employers. The large lot size presents the potential opportunity for investors who wish to occupy one home and lease the other or create a multigenerational compound. The subject property boasts a prime location positioned strategically between Downtown Menlo Park and Downtown Palo Alto. These vibrant areas offer an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. With its excellent walk and bike score, 1940-1942 Menalto Ave provides convenient access to prestigious educational institutions such as Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. This asset's prime location offers connectivity throughout the Silicon Valley Corridor, San Jose and San Francisco job markets. The subject property is equidistant to the San Jose and San Francisco airports optimizing travel exibility. Additionally, Meta is redeveloping Willow Village, a project spanning 59-acres 1.8 miles from 1940-1942 Menalto Ave. The Stanford Research Institute (SRI) is also redeveloping its 63-acre headquarters 1.9 miles away. These mixed-used redevelopment projects are expected to offer a combination of office/R&D buildings, residential housing units, recreational space, commercial retail space and much more. Additional information for both projects can be found on the following pages. The investment appeal of this asset is driven by Menlo Park’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1940-1942 Menalto Ave presents an attractive choice for tenants due to its close proximity to major employers, educational institutions, transportation corridors, shopping, dining, and entertainment options.