tomo logo

$3,832,000

Beds
3
sq ft
4,905

1001 El Camino Real, Menlo Park, CA 94025

1001 El Camino Real

Menlo Park, CA 94025

  • 67 days on market
    • Price drop $68,000↓
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.

Details

Property type

Est. home value

$4,051,952

Lot size

3,049 sq ft

Price per sq ft

$782

Year built

1923

HOA

No

Price History

11/04/2024
BridgeMLS

BridgeMLS #ML81984239

Price change
$3,832,000
-1.74%
10/18/2024
BridgeMLS

BridgeMLS #ML81984239

Listed
$3,900,000

Schools & Community

Neighborhood: 

Downtown Menlo Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Sequoia Union High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Wells Fargo Bank Na

Loan start date

April 2017

Original loan amount

$1,500,000

Est. remaining balance

Not provided

Interest rate

4.21%

Loan type

Commercial

Seller

Sean Nolan Management Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/24/2024 at 8:15 PM

Listing updated: 11/05/2024 at 2:20 AM

Listed by: William Harrigan, Intero Real Estate Services Phone #: (408) 828-8249

MLS: BridgeMLS #ML81984239

BridgeMLS logo

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