$2,588,000 Price Analysis   ♡   Menlo Park, CA 94025 1 bed None bath 2,700 SqFt ($958/SqFt) 8,850SqFt lot. Built 1948 Listed 2024-02-14, Taxes $14,508 | Ⓧ USDA Ineligible due to price & location near Menlo Park |
624 University Dr.
* Sale Pending *Is being sold along side the adjacent property, 632 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. Combined total of 8 units on an almost 18, 000 sf lot. 624 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino and three blocks from Downtown Menlo Park with abundant shopping, dining and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital and Stanford Shopping Center.
The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verfy). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of the four units are ground l evel with no unit above and have private yards. Units have an abundance of natural light and some have been upgraded with new counters, tile baths and new vanities. The roof was replaced within the last 5 years. NOTE: Interior photos are of unit #2 of neighboring building 632 University Dr. Identical floorplan exists in 624 University Dr.
Presented by Carlos Azucena at
Marcus & Millichap.
Property MLS #ML81954182 from MLSListings
Heating Features: Wall Furnace
Parking Features: Carport , Off-Site Parking, Off-Street Parking
Parking Total: 4
Lot Size Source: Assessor
Lot Size Square Feet: 8850
Calculated Total Monthly Association Fees: 0
Gardener Expense: 2433
Maintenance Expense: 2000
Number of Units: 4
Bedrooms in Unit-1: 1
Full Bathrooms in Unit-1: 1
Unit-1 Square Feet: 675
Unit 1 Total Actual Rent: 2613
High School District: Sequoia Union High
Map directions Map directions Map directions Map directionsSource Listing Status: Pending (Do Not Show)
County: San Mateo
Source Property Type: Residential Income (2-4 units)
Insurance Expense: 2558
Area: Allied Arts / Downtown
Source Neighborhood: Allied Arts / Downtown
Parcel Number: 071-312-300
Postal City: MENLO PARK
Trash Expense: 1097
Zoning: R3
Property Subtype: Fourplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $399,408 + $313,918 $713,326 | $14,508 |
| 2021 | $391,578 + $307,764 $699,342 | $14,067 |
| 2020 | $387,564 + $304,609 $692,173 | $13,870 |
| 2019 | $379,966 + $298,637 $678,603 | $13,569 |
| 2018 | $372,516 + $292,782 $665,298 | $13,144 |
| 2017 | $365,213 + $287,042 $652,255 | $12,789 |
| 2016 | $358,053 + $281,414 $639,467 | $12,290 |
| 2015 | $352,675 + $277,187 $629,862 | $11,982 |
| 2014 | $345,767 + $271,758 $617,525 | $11,542 |
| 2013 | $344,205 + $270,531 $614,736 | $11,101 |
| 2012 | $337,457 + $265,227 $602,684 | $10,707 |
| 2011 | $330,841 + $260,028 $590,869 | $10,328 |
| 2010 | $328,369 + $258,086 $586,455 | $10,066 |
| 2009 | $329,150 + $258,700 $587,850 | $9,464 |
| 2008 | $322,697 + $253,629 $576,326 | $8,695 |
| 2007 | $316,371 + $248,657 $565,028 | $8,423 |
$2,588,000
MLSListings
Sold 1981-06-09
$270,500
Public Record
Operating Expense Includes: Services - Trash Removal, Utilities - Hot Water
Year Built: 1948
Foundation Details: Wood Frame
Property Age: 76
Roof: Flat / Low Pitch
Levels or Stories: 2
Total Area Sqft: 2700
Year Built Source: Assessor
Public Utilities
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.