
Menlo Park, California 94025
This Turnkey Quadruplex represents a High-Potential Investment Opportunity, listed at $2,988,000—positioned slightly above the $2,891,650 Fair Market Value. Despite the premium, the property offers a Condition Rating of 2, featuring fully remodeled units, a new roof, and a private yard with patio. Located two blocks from downtown Menlo Park and near top-rated schools like Oak Knoll Elementary, this asset ensures high rental demand. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, low-maintenance income stream.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 835 Fremont Street Subject 0 bd · 0 ba · 2,162 sqft · $1,337 | $2,988,000* List Price | 0 | 0 | 2,162 | $1,337 | - |
A 339 Waverley Street Sold 0 bd · 0 ba · 2,005 sqft · $1,197 · 0.9 mi | $2,400,000 | 0 | 0 | 2,005 | $1,197 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1950, the property is a turnkey investment featuring four fully remodeled units with updated bathrooms, modern hardwood and tile flooring, and a new roof, indicating a recent high-quality renovation with no immediate maintenance required.
Elementary School: Oak Knoll Elementary School (9/10).
Situated just two blocks from downtown Menlo Park and near Stanford University, this property commands high rental demand in one of the Peninsula's most prestigious and walkable neighborhoods.
With recently remodeled interiors, updated bathrooms, and a brand-new roof, the property minimizes immediate capital expenditures and offers a move-in-ready investment opportunity.
With a total of 2,162 square feet across four units, each apartment averages approximately 540 square feet, which may limit the tenant profile and cap potential rental premiums.
At a list price of nearly $3 million, the high price per square foot for a 1950s-era building may result in a lower initial capitalization rate for investors compared to other markets.
A rare opportunity to own a four-unit building in the heart of Central Menlo Park. This 1950 fourplex offers four remodeled one-bedroom, one-bath units totaling 2,162 sq ft on a 5,663 sq ft lot. Each unit has a practical floor plan with updated finishes, including remodeled bathrooms and hardwood and tile flooring. A new roof adds peace of mind and reduces near-term capital expenses. On-site amenities include carport parking with storage, shared coin-operated laundry, and a private yard with patio. The location is exceptional: two blocks from downtown dining and shopping, half a block from Fremont Park, and close to Caltrain, Stanford, and major commute routes. With strong rental demand in one of the Peninsula's most desirable neighborhoods, this turnkey property is an ideal addition to any investment portfolio
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,162 | - |
| Lot Size | 5,625 | - |
| Price | $2.99M | $2.40M |
| Price per sq ft | $1.4K | $1.2K |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 25 | 51 |
Sep 29, 2026
$2,988,000
Initial Listing
Jun 4, 2015
$1,960,000
Public Record