632 University Dr. Menlo Park, CA
Size: 4 Units
Price: $2,588,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 632 University Dr., a 4 unit multifamily property in Menlo Park. This is a tremendous opportunity for an investor to acquire a property not just in the heart of the Silicon Valley but also one of the most affluent communities in the United States.

632 University Drive is a four-unit multifamily property located in one of the most desired area of Menlo Park. The unit mix is (4) 1 bedroom / 1 bathroom that are 675 sq ft each per county records. The property sit on their own 0.20 acre (8,850 sq ft) lot. Among the amenities are individual carports and direct access to Nealon Park. Three of the units are single-story and have their own backyard, providing the resident with a sense of privacy. Every unit has an abundance of natural light and has been upgraded with new quartz / granite counters, tile bathroom floor and vanities.

Its location is one of the most desired in Menlo Park, making it highly coveted by tenants. Downtown Menlo Park is a few blocks away with over 50 shops, restaurants, and services that include Draeger’s Market, Walgreens, and Amici’s East Coast Pizzeria. Residents are also a short drive away from Stanford Mall and Downtown Palo Alto. Residents have easy access to El Camino Real, which offers a direct route to most major cities in the South Bay and the Peninsula.

Menlo Park is a sought-after destination for investors and residents. It’s also one of the most valued cities with the average median home price being over $2.9M (as of July 2023). The price along with current interest rates and intense competition places homeownership out of reach for most residents, creating a robust tenant base.

Property & Location Highlights

  • Located in Menlo Park which is home to numerous globally recognized businesses and financial firms.

  • Property has been well maintained by current owner.

  • Units have undergone minor upgrades over the years.

  • Additional add-value opportunity.

  • On-site parking includes two spaces per-unit.

  • Direct access to Nealon Park which features a pickle ball / tennis court, softball field, dog park, a playground and open field.

  • Downtown Menlo Park is a short walk away, which has over 50 restaurants and services that include Draeger’s Market, Walgreens, and Amici’s East Coast Pizzeria.

  • A small shopping plaza is within walking distance that is anchored by a Safeway and Petco.

  • Short drive from Stanford University, Stanford Shopping Center, Downtown Palo Alto and Stanford Hospital.

  • Over 100 restaurants and services located at Stanford Shopping Center which include Neiman Marcus, Bloomingdale and the Apple Store.

  • World renowned Sand Hill Road is a short drive away and is home to over 50 private venture capital firms such as Kleiner Perkins, Andreessen Horowitz and Sequoia Capital.