Skip to main content

Multifamily

1161-1163 Noel Dr

1161 Noel Dr, Menlo Park, CA 94025

Listing Price: $3,950,000

Cap Rate
3.81%
Number of Units
5
GRM
18.29
Price/Unit
$790,000
Price/Gross SF
$779.09
Gross SF
5,070

Investment Overview

1161-1163 Noel Dr is an exceptional triplex with 2 ADUs located in the thriving city of Menlo Park.

Situated on a 7,500 square-foot lot, the subject property was originally constructed in 1948 and has a gross building area of 5,070* square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as on-site parking and an enclosed backyard in select units.

The subject property boasts a prime location positioned just northeast of Downtown Menlo Park. This vibrant area offers an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. With its excellent walk and bike score, 1161- 1163 Noel Dr provides convenient access to prestigious educational institutions such as Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. The subject property also offers convenient access to regional lifestyle and employment centers of San Jose and San Francisco through its strategic peninsula location.

Additionally, the Stanford Research Institute (SRI) is redeveloping its 63-acre headquarters, located just north of 1161-1163 Noel Dr. This mixed-used redevelopment project is expected to offer a combination of office/R&D buildings, residential housing units, recreational space, and direct transit links. Additional information on the SRI redevelopment project can be found in our Offering Memorandum titled "SRI Parkline Development Project".

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, 1161-1163 Noel Dr presents an attractive choice for tenants and residents due to its proximity to major employers, educational institutions, transportation corridors, shopping, dining, and entertainment options.

*Buyer to verify.

Investment Highlights

  • Tremendous Peninsula Investment Opportunity - Investors have the opportunity to acquire a well-situated asset in one of the most dynamic and desirable locations in the Bay Area.
  • Prime Downtown Menlo Park Location - 1161-1163 Noel Dr is situated directly adjacent to Downtown Menlo Park, offering tenants access to high-end shopping, dining, and entertainment options.
  • Desirable Unit Mix - The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
  • Convenient Tenant Amenities - Tenants enjoy convenient unit amenities such as on-site parking, a sunroom in select units, and an enclosed backyard in select units.

Exclusively Listed By

Multifamily

1161-1163 Noel Dr

Listing Price: $3,950,000

Cap Rate
3.81%
Number of Units
5
GRM
18.29
Price/Unit
$790,000
Price/Gross SF
$779.09
Gross SF
5,070

Investment Highlights

  • Tremendous Peninsula Investment Opportunity - Investors have the opportunity to acquire a well-situated asset in one of the most dynamic and desirable locations in the Bay Area.
  • Prime Downtown Menlo Park Location - 1161-1163 Noel Dr is situated directly adjacent to Downtown Menlo Park, offering tenants access to high-end shopping, dining, and entertainment options.
  • Desirable Unit Mix - The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
  • Convenient Tenant Amenities - Tenants enjoy convenient unit amenities such as on-site parking, a sunroom in select units, and an enclosed backyard in select units.

Investment Overview

1161-1163 Noel Dr is an exceptional triplex with 2 ADUs located in the thriving city of Menlo Park. Situated on a 7,500 square-foot lot, the subject property was originally constructed in 1948 and has a gross building area of 5,070* square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as on-site parking and an enclosed backyard in select units. The subject property boasts a prime location positioned just northeast of Downtown Menlo Park. This vibrant area offers an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. With its excellent walk and bike score, 1161- 1163 Noel Dr provides convenient access to prestigious educational institutions such as Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. The subject property also offers convenient access to regional lifestyle and employment centers of San Jose and San Francisco through its strategic peninsula location. Additionally, the Stanford Research Institute (SRI) is redeveloping its 63-acre headquarters, located just north of 1161-1163 Noel Dr. This mixed-used redevelopment project is expected to offer a combination of office/R&D buildings, residential housing units, recreational space, and direct transit links. Additional information on the SRI redevelopment project can be found in our Offering Memorandum titled "SRI Parkline Development Project". 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, 1161-1163 Noel Dr presents an attractive choice for tenants and residents due to its proximity to major employers, educational institutions, transportation corridors, shopping, dining, and entertainment options. *Buyer to verify.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower