780 - 800 Arbor Rd.
Size: 8 Units
Price: $4,500,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 780-800 Arbor Rd., an eight-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.

780-800 Arbor Road is an eight-unit multifamily property located in one of the most desired area of Menlo Park. The unit mix is (8) 1 bedroom / 1 bathroom that are 759 SqFt each per county records. The property sits on a 0.28 acre (12,327 SqFt) lot. Among the amenities are on-site laundry, individual carports for each unit along with ample street parking.

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 $3.2M (as of June 2024). 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.

  • Under the same ownership for over 30 years.

  • Spacious units that are over 700 SqFt.

  • Picnic area with a BBQ.

  • Select units have a balcony.

  • Luscious landscaping adds a sense of tranquility.

  • On-site parking includes a carport per-unit.

  • Additional add-value opportunity.

  • 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.

  • Menlo Park CalTrain is within walking distance.

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

  • Over 100 restaurants and services are 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.