$3,025,000

505 & 513 Pierce RD, Menlo Park CA, 94025

Price per sqft$411.23

Built in1957

Property size7,356 sqft

Property typeResidential

Overview

Sold

Listed Mar 12, 2025

Updated Jul 25

505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

Additional information

MLS^® ID: ML81997631

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.24 Acres

Listed by Compass, Matthew Thomson DRE:01471708, Steve Zirelli
Listing Contact: 650-515-6555

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Veronica Kogler | CA DRE# 01788047 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:02 AM UTC, 7/25/2026