1001 El Camino Real
Menlo Park, CA 94025
4905 sqft | 0.07 acres | #ML81984239
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 Details
- Lot DescriptionCornersMarked
- Property TypeMulti-Family
- Original List Price$3,900,000
- MLS #ML81984239
- MLS #ML81984239
- CountySan Mateo
- Property SubtypeMixedUse
- Taxes Annual$42,415
- Cost3832000
- Utility SourcePublic
- School DistrictOther
- Acres0.07
- Square Feet4905
- Year Built1923
- FoundationSlab
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: William Harrigan (#ML5093413)
Listing Office: Intero Real Estate Services (#ML33259)
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