Listed by Compass Commercial, compass
$3,850,000
211 Semicircular Road
Details
APN 060-092-210
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,630
Units 10
Cap Rate 5.62%
NOI $216,371
Price per SqFt $263
Year Built 1990
Lot Size (SqFt) 12,041
Multifamily | 10 Units | $385,000/unit
Marketing description
211 Semicircular Road offers an incredible opportunity for an investor to acquire an apartment building with rare 1990 construction in the North Fair Oaks Neighborhood of Menlo Park. The property stands out as the nicest and newest in the neighborhood and directly across the street are newer townhomes adding to the positive growth of the immediate area. The building is strategically positioned between San Francisco & San Jose, ideally located in the heart of Silicon Valley, and minutes from major employers like Meta, Stanford and top tech campuses.
211 Semicircular is well located in the Silicon Valley, in the North Fair Oaks neighborhood of Menlo Park.
Investment highlights
- Excellent Unit Mix: (4) 2+1s and (6) 1+1s
- Huge, oversized units with attractive floorplans: Two-Bedroom units are over 1,000 SF / One-Bedroom units are over 800 SF
- Outstanding in-place rents: Day One 5.62% Cap Rate
- Most units fully renovated
- Electrical System is all circuit breakers
- All copper plumbing
- Dual Pane Windows throughout
- Fully sprinklered building
- Large private balconies for most units
- Garage & carport parking
- Laundry Facility on-site provides supplemental income
- Large closet and extra storage for tenants
- Extra room that could be office for Landlord and large storage room
- Easy access to 84,101, 280
- Strategically located between San Francisco and San Jose, Menlo Park continues to be one of the most dynamic and attractive cities on the south Peninsula
- Surrounded by major Tech Hubs, this location is ideally located near Silicon Valley’s major employers, including Facebook (Meta), Google, and Stanford University
- North Fair Oaks is a diverse unincorporated neighborhood of San Mateo County, surrounded by Redwood City and Atherton. It is known for its community events, local markets, and cultural diversity
- “Very Walkable” and “Very Bikeable” (Walk and Bike Scores of 82 and 76)
- Less than 1 mile to Costco, Target, and other major shopping centers
- Ideally located in close proximity to local schools, parks and other public amenities
- Less than 100 yards to Garfi eld Elementary / Middle School, just across the street
- Within 1 mile of Holbrook-Palmer Park, a lovely 22-acre garden setting including a ball fi eld, tennis courts, playground, gardens and walking paths
- Within 2 miles of Flood Park, a 21-acre retreat featuring a new playground, basketball courts, bicycle pump track, picnic shelter, tennis courts, and volleyball court
- Less than 1 mile to the North Fair Oaks Public Library
- Within an 8 minute drive of both Downtown Menlo Park and Downtown Redwood City, offering a variety of boutique shops, restaurants, and entertainment options
Listing Contacts
Listed by Compass Commercial, compass
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,371.00
$18,030.92/mo
Valuation Metrics
0
DSCR
5.62%
Cap Rate
5.62%
ROI
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