241 El Camino Real

Menlo Park, CA 94025

$8,500,000
Price
Beds
9,721 Sq. Ft.
$874 / Sq. Ft.
9,721
Sq. Ft.
$874
per Sq. Ft.

Description

Prime location with over 160+ of El Camino frontage! Heavy day and night pedestrian and car traffic. Mixed-use building with diversified set of long-term tenants. Vintage character with all modern amenities. Very well maintained and upgraded over the years. Class A, ADA compliant, +/- 5,065 sqft office space downstairs. Remodeled in 2019 and 2022 with industrial design, 10 ceilings, open office layout, polished concrete floors, contemporary kitchen and bathroom, glass conference rooms and private...Prime location with over 160+ of El Camino frontage! Heavy day and night pedestrian and car traffic. Mixed-use building with diversified set of long-term tenants. Vintage character with all modern amenities. Very well maintained and upgraded over the years. Class A, ADA compliant, +/- 5,065 sqft office space downstairs. Remodeled in 2019 and 2022 with industrial design, 10 ceilings, open office layout, polished concrete floors, contemporary kitchen and bathroom, glass conference rooms and private 600 sqft outdoor patio. Commercial anchor tenant lease ends in 2027. 3 spacious residential units upstairs in great condition, updated with A/C, newer vinyl floors, paint and countertops. No current vacancies. Ample parking. Downtown Menlo Park location on main thoroughfare to Stanford Shopping Center, Stanford University, and Palo Alto. Easy access to Sand Hill Road and leading tech campuses. Dont miss this exceptional investment opportunity!
  1. Listed by Annie Watson • DRE #01964881 • Brokerage DRE #01908304 • Coldwell Banker Realty • 650-380-9898
  2. Listed by Matt Aragoni • DRE #01978236 • Brokerage DRE #01908304 • Coldwell Banker Realty

Property Details for 241 El Camino Real

MLS City Name
MENLO PARK
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
34
LISTING UPDATED: 10/12/2024 07:07 PM

Property Details for 241 El Camino Real

StatusActive
MLS #ML81972787
Days on Compass145
Taxes$105,679 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1914
Lot Size0.46 AC / 19,850 SF
CountySan Mateo County

Virtual Tour

Building Information for 241 El Camino Real

Stories2Residences4Year Built1914Building Size-Lot Size0.46 AC / 19,850 SF

Property Information for 241 El Camino Real

Features
Room Information
  • Kitchen: Cooktop - Gas, Countertop - Other, Countertop - Tile, Dishwasher, Exhaust Fan, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Concrete, Laminate, Vinyl / Linoleum
  • Laundry: Washer / Dryer
  • Living SqFt: 9721
  • Pool: No
  • Security Features: Fire Alarm
  • Special Features: Bathroom Features, Parking, Wheelchair Access, Other
Utilities
  • Cooling: Central AC, Window / Wall Unit
  • Heating: Central Forced Air
  • Meters: Master Gas, Master Water, Separate Electric, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities, Other
  • Water: Individual Water Meter, Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Guest / Visitor Parking, Leased Parking, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Allied Arts / Downtown
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 241
  • Street Name: El Camino Real
  • Area ID: 304
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 9721
  • Structure SqFt Source: Assessor
  • Age: 110
Development Information
  • Zoning Detail: SP-ECR-D
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 071-413-360R
  • County Name: San Mateo
  • City Name: MENLO PARK
  • City Postal ID: 33
  • Postal Code: 94025
  • Elementary School District: 931
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .46
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $105,679
  • Building Unit Total: 4
  • Capitalization Rate: 1.39
  • Tenant Expenses: Utilities - Electric, Utilities - Water
  • Income Includes: Parking, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,760
  • Expense Landscape: $5,575
  • Expense Maintenance: $29,520
  • Expense Management: $36,000
  • Expense Trash: $3,461
  • Expenses Other: $9,115
  • Expenses Utility: $5,733
  • Expenses Total: $202,843
  • Operating Expenses Include: Cable TV, Fee - Other Taxes, Fee - Professional Services, Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Other
  • Gross Rent Multiplier: 26.48
  • Income Annual Gross: $320,938
  • Income Annual Rental: $313,138
  • Income Gross Scheduled: $320,938
  • Income Other: $7,800
Unit 1 Information
  • Unit 1 Rent: $18,211
Unit 2 Information
  • Unit 2 Approx Square Footage: 1603
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,909
Unit 3 Information
  • Unit 3 Approx Square Footage: 1374
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $3,050
Unit 4 Information
  • Unit 4 Approx Square Footage: 1713
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,925
Unit Type 1
  • Unit Type1 Approx SqFt: 5065

Property History for 241 El Camino Real

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 241 El Camino Real

Taxable ValueLand$9,186,625Additions$59,055Total$9,245,680
Tax Record2024$111,623 ($9,302 / month)
Home Facts
Total Finished SqFt9,721 SqFtAbove Grade Finished SqFt9,721 SqFtStories2Lot Size19,400 SqFtStyleStoresYear Built1914ZoningCH00C4CountySAN MATEOAPN071-413-360

Schools near 241 El Camino Real

This home is within Menlo Park City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Oak Knoll Elementary School
PublicK to 5

Hillview Middle School
Public6 to 8

Menlo-Atherton High School
Public9 to 12

Tide Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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241 El Camino Real is a multi-family home for sale in Menlo Park, CA 94025. This property was listed for sale on July 11, 2024 by Coldwell Banker Realty, it's currently listed at $8,500,000. It has been on the market for a total of 145 days and was last sold on September 4, 2018. This listing's school districts are Menlo Park City Elementary School District, Sequoia Union High School District. Nearby schools include Oak Knoll Elementary School, Hillview Middle School and Menlo-Atherton High School. 241 El Camino Real is a 0-bed, 0-bath, 9,721 sqft multi-family home built in 1914.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Annie Watson, DRE #01964881; Coldwell Banker Realty, Matt Aragoni, DRE #01978236

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.