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Multifamily

4 Coleman Pl

4 Coleman Pl, Menlo Park, CA 94025

Listing Price: $3,150,000

Cap Rate
3.75%
Number of Units
5
GRM
18.04
Occupancy
97.0%
Price/Unit
$630,000
Price/Gross SF
$648.68
Gross SF
4,856

Investment Overview

4 Coleman Place is an exceptionally well maintained apartment
complex located in Menlo Park, California. The asset was built in 1956
and consists of five units on a 7,200-square foot lot with 4,856 square
feet of living space offering an investor an excellent unit mix of one
three-bedroom/one-bath unit, two two-bedroom/one-bath units and
two one-bedroom/one-bath units. Perfectly situated on a tree lined
street, the property is located within walking distance to downtown
Palo Alto and a few miles from Stanford University and downtown
Menlo Park. The property has received a tremendous amount of
renovations with a brand new roof in 2021, dual pane windows and
upgraded interiors. The property includes onsite laundry and ample
parking.
The city of Menlo Park is exceptionally well located in San Mateo
County and centrally located between San Francisco and San Jose.
Menlo Park is one of the most educated cities in California and
the United States; nearly 70% of residents over the age of 25 have
earned a bachelors degree or higher. Menlo Park boasts an average
household income of $195K and is located in close proximity to
Facebook Headquarters, Stanford University, Stanford Hospital,
Sequoia Capital, SRI International and many more. A new owner will
benefit from the propertys outstanding tenant profile, employment
and superior school system.

Investment Highlights

  • Rare Turnkey Investment Opportunity in Menlo Park w/ New Roof and Dual Pane Windows
  • Surrounded by Outstanding Menlo Park Schools
  • Extremely Well-Maintained w/ Sufficient Parking & On-site Laundry

Exclusively Listed By

Listing Price: $3,150,000

Cap Rate
3.75%
Number of Units
5
GRM
18.04
Occupancy
97.0%
Price/Unit
$630,000
Price/Gross SF
$648.68
Gross SF
4,856

Investment Highlights

  • Rare Turnkey Investment Opportunity in Menlo Park w/ New Roof and Dual Pane Windows
  • Surrounded by Outstanding Menlo Park Schools
  • Extremely Well-Maintained w/ Sufficient Parking & On-site Laundry

Investment Overview

4 Coleman Place is an exceptionally well maintained apartment
complex located in Menlo Park, California. The asset was built in 1956
and consists of five units on a 7,200-square foot lot with 4,856 square
feet of living space offering an investor an excellent unit mix of one
three-bedroom/one-bath unit, two two-bedroom/one-bath units and
two one-bedroom/one-bath units. Perfectly situated on a tree lined
street, the property is located within walking distance to downtown
Palo Alto and a few miles from Stanford University and downtown
Menlo Park. The property has received a tremendous amount of
renovations with a brand new roof in 2021, dual pane windows and
upgraded interiors. The property includes onsite laundry and ample
parking.
The city of Menlo Park is exceptionally well located in San Mateo
County and centrally located between San Francisco and San Jose.
Menlo Park is one of the most educated cities in California and
the United States; nearly 70% of residents over the age of 25 have
earned a bachelors degree or higher. Menlo Park boasts an average
household income of $195K and is located in close proximity to
Facebook Headquarters, Stanford University, Stanford Hospital,
Sequoia Capital, SRI International and many more. A new owner will
benefit from the propertys outstanding tenant profile, employment
and superior school system.

Exclusively Listed By

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