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34385635
34385646

1129 Willow Rd, Menlo Park, CA 94025 For Sale

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$1,880,000
3 days on market
Updated 3 days ago

1129 Willow Rd, Menlo Park, CA, 94025

Details
APN 062-093-390
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,852
Units 5
Beds 1
Cap Rate 4.30%
NOI $80,877
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.10%
Pro-Forma NOI $95,893
Price per SqFt $488
Year Built 1951
Lot Size (SqFt) 6,000
Zoning R3

Coveted Menlo Park Multifamily Opportunity Just Steps from Meta's World-Class Campus

Marketing description

**You're Invited to Join Us at Our Open House This Friday, July 17th, from 11 AM to 1 PM.**

1129 Willow Rd is a well-situated 5-unit multifamily asset located in the thriving city of Menlo Park.

Situated on a 6,000 square foot parcel of land, the subject property was originally constructed in 1951 and has a gross building area of 3,852 square feet, offering its tenants beautifully designed one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private garage parking and a beautifully maintained front lawn area.

1129 Willow Rd offers residents convenient access to the vibrant downtown districts of both Menlo Park and Palo Alto, featuring an abundance of upscale dining, boutique retail, entertainment, and everyday conveniences. The property is also ideally located near renowned employers such as Meta, Stanford University, and numerous venture capital and technology firms along Sand Hill Road and throughout the Peninsula. Residents benefit from excellent regional connectivity via nearby Highway 101, El Camino Real, and Caltrain stations, providing seamless access to San Francisco, San Jose, and the greater Bay Area.

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, 1129 Willow Rd presents an attractive choice for tenants and residents due to its proximity to major employers, educational institutions, transportation corridors, shopping, dining, and entertainment options.

Investment highlights

  • Prime Silicon Valley Multifamily Asset in a Core Infill Location - 1129 Willow Rd presents the rare opportunity to acquire a well-situated 5-unit multifamily asset in the heart of Silicon Valley.
  • Unprecedented Rent Growth - Menlo Park has experienced an unparalleled demand for rental units following the pandemic, largely attributed to the adoption of hybrid or fully in-person work models by the area's prominent tech corporations.
  • Major Employment Center - 1129 Willow Rd is situated by many of the area's most prominent employers such as Meta, Stanford, Google, SRI International, Pacific Biosciences, and much more.
  • Abundant Lifestyle Amenities - The subject property offers close proximity to countless lifestyle amenities in Menlo Park and Palo Alto's downtown districts such as Nobu, STACKS Menlo Park, and Salt & Straw.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,877.00
$6,739.75/mo

Valuation Metrics

0
DSCR
4.3%
Cap Rate
4.3%
ROI

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Additional Information

Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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