Description
Seller financing @ 4% per annum ? quality "mixed use" property on el camino real! (5 units total) downstairs there is a mtn. mike's pizza with a secure 15 year lease with (2) five year options. upstairs there are (4) quality residential units (nicely remodeled) with long term tenants. top location in menlo park with secure income stream from the (nnn) triple net lease from mtn. mike's pizza and and (4) residential apartments that provide secure income along with a hedge against inflation. currently under professional management by (ips) income property services. call listing agent for full cash flow analysis or open the disclosures.
Property Type
Residential IncomeCounty
San MateoStyle
Residential IncomeAD ID
47372784
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1923
- Building Area Total: 4,905
Foundation
- Slab
Accessibility Features
- None
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.07
- Lot Size Source: Other
- Lot Size Square Feet: 3049
-
Listing Information
Listing Price Information
- Original List Price: 3,832,000
- Listing Contract Date: 2024-10-18
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 071287080
- Annual Tax: 42415
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Directions: Go south on El Camino just south of Stanford Shopping Center and Safeway. Cross Street: Menlo Avenue
- Zoning: CL00C3
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Mixed Use
Building and Construction
- Property Age: 101
- Structure Type: Mixed Use
- Year Built Source: Assessor
- Total Square Feet Living: 4905
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BuyOwner last updated this listing 11/21/2024 @ 18:13
- MLS: ML81984239
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 4,905 sqft, 3,049 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Menlo Park , in zip code 94025, this San Mateo County Home are nearby neighborhoods.