462 Waverley StMenlo Park, CA 94025

Property Details for 462 Waverley St

Year built

1952

Property size (Sq ft)

3,421 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a meticulously maintained, two-story triplex located at 462 Waverley Street in Menlo Park, California. Boasting a total of 3,421 square feet on a 6,600 square foot lot (APN: 062-405-090), this property offers three units: two spacious two-bedroom/one-bathroom units and one one-bedroom/one-bathroom unit. Each unit features in-unit laundry, enhancing tenant appeal. The rear units are designed as owner's units, showcasing oversized layouts with dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space is provided per unit, with potential for additional parking. Built in 1952, this property presents an excellent opportunity to increase rental income through interior renovations and potential conversion of tuck-under parking to an accessory dwelling unit (ADU). The property's location is highly desirable, less than a mile from downtown Menlo Park and Palo Alto, and benefits from a "Biker's Paradise" score of 100. It also feeds into prestigious Menlo Park school districts. The asking price is $2,650,000. This is a rare opportunity to acquire a well-maintained, high-demand multifamily property in a prime location.

Location Insight

City

Menlo Park

County

San Mateo

State

California

Latitude

37.4513

Longitude

-122.175

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