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$ 5,300,000
Est. payment | /mo
8 Beds
6.5 Baths
10,079 SqFt
$ 5,300,000
Est. payment | /mo
8 Beds
6.5 Baths
10,079 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 10,079 sqft
Price per Sqft $525
Lot Size 0.586 Acres
MLS Listing ID ML82035969
Bedrooms 8
Full Baths 6
Half Baths 1
Property Description
TRUE TROPHY MULTIFAMILY ASSET IN MENLO PARK! 1280 & 1300 Mills Street is an incredible opportunity for leased investors, developers, owner-occupiers and multigenerational ownership groups to acquire an extremely unique apartment complex in an outstanding location. Spread across 2 adjacent parcels, the combined 25,546 SF lot is comprised of four structures. 1280 Mills St has a fourplex in the front and duplex in the back. 1300 Mills St has Home with 2 additional units in the front, and a duplex in the back. 1280 Mills Street: 6 Units: (2) 2 + 1.5, (2) 2 + 1, (2) 1 + 1. 1300 Mills Street: 5 Units: (1) 3 + 2 Home, (3) 1+1, (1) Studio. Ground floor units have private yards with beautiful mature landscaping and trees - private balconies on second floor units. The Electrical System recently received a complete upgrade to all main and sub panels. Numerous recent interior renovations to select units and mostly dual pane windows throughout. The driveway area has been repaved with brick to replace asphalt. On-site laundry facility provides additional income. Strategically positioned walking distance to Caltrain and downtown Menlo Park. FIRST TIME EVER ON THE MARKET AND OPERATED AS A LEGACY HOLD BY THE SAME FAMILY SINCE BEING BUILT IN 1933 & 1963.
Location
State CA
County San Mateo
Area Middlefield To El Camino Menlo Park
Zoning R2
Interior
Heating Gas
Cooling None
1-purchase type For Sale
Exterior
Garage Attached Garage, Carport , Uncovered Parking
Garage Spaces 5
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 061-401-260
Security Features Secured Garage / Parking,Security Lights
Special Sale Not Applicable
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Listed by Matthew Thomson of Compass
Bought with Matthew Thomson of Compass
Bought with Matthew Thomson of Compass
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