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Multifamily

3 Coleman Place

3 Coleman Pl, Menlo Park, CA 94025

Listing Price: $3,998,000

Cap Rate
2.35%
Number of Units
8
Occupancy
10.0%
Price/Unit
$499,750

Investment Overview

3 Coleman Place is a n excellent 8-unit apartment community located in thriving Menlo Park, California. Situated on a corner lot, the subject property has been very well maintained over the past 30 years. The property is made up if 8 one bedroom/one bath units, all with a covered parking space. 3 Coleman gives a savvy investor the opportunity to add value by updating all of the units and bringing up the well below market rents. Menlo Park is centrally located between the major metro areas of San Francisco and San Jose and is one of the most educated cities in the United States, with nearly 70% of its residents having earned an advanced degree. Known worldwide as the Capital of Venture Capital, Menlo Park is well-situated to benefit from and help shape new technologies and markets originating in the Silicon Valley. In addition to the stunning Facebook Headquarters located only 1.5 miles away, the subject property is also within close proximity to many of the nation’s top tech employers such as Intel, Google, SRI International, Sequoia Capital, Benchmark, Sun Microsystems, Apple, LinkedIn, Microsoft, Yahoo, as well as many others. 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, 3 Coleman Pl presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Excellent Menlo Park Location
  • First time on market in over 30 years
  • Eight 1 bedroom/1 bath units

Exclusively Listed By

Listing Price: $3,998,000

Cap Rate
2.35%
Number of Units
8
Occupancy
10.0%
Price/Unit
$499,750

Investment Highlights

  • Excellent Menlo Park Location
  • First time on market in over 30 years
  • Eight 1 bedroom/1 bath units

Investment Overview

3 Coleman Place is a n excellent 8-unit apartment community located in thriving Menlo Park, California. Situated on a corner lot, the subject property has been very well maintained over the past 30 years. The property is made up if 8 one bedroom/one bath units, all with a covered parking space. 3 Coleman gives a savvy investor the opportunity to add value by updating all of the units and bringing up the well below market rents. Menlo Park is centrally located between the major metro areas of San Francisco and San Jose and is one of the most educated cities in the United States, with nearly 70% of its residents having earned an advanced degree. Known worldwide as the Capital of Venture Capital, Menlo Park is well-situated to benefit from and help shape new technologies and markets originating in the Silicon Valley. In addition to the stunning Facebook Headquarters located only 1.5 miles away, the subject property is also within close proximity to many of the nation’s top tech employers such as Intel, Google, SRI International, Sequoia Capital, Benchmark, Sun Microsystems, Apple, LinkedIn, Microsoft, Yahoo, as well as many others. 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, 3 Coleman Pl presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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