462 Waverley Street

Menlo Park, CA 94025

$2,650,000
Price
Beds
3,421 Sq. Ft.
$775 / Sq. Ft.
3,421
Sq. Ft.
$775
per Sq. Ft.

Description

Prime Menlo Park Triplex located in highly desirable Linfield Oaks Neighborhood. Two separate, identical triplexes on adjacent lots that can be sold separately or together as a 6-unit property. Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with...Prime Menlo Park Triplex located in highly desirable Linfield Oaks Neighborhood. Two separate, identical triplexes on adjacent lots that can be sold separately or together as a 6-unit property. Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with oversized 2-bedroom layouts, dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space per unit, with potential for additional tandem or off-street parking. Excellent add-value opportunity to increase rents over time with higher end interior renovations and converting tuck-under parking to ADU. Outstanding location less than a mile to downtown Menlo Park and Palo Alto with a "Biker's Paradise" score of 100! Feeds into prestigious Menlo Park School Districts.

Listing Agents

  1. Matt Thomson

    Matt Thomson

    Listing Agent

    Compass

    DRE #01471708

    matt.thomson@compass.com

    P: (650)-515-6555

  2. Bryan Danforth

    Bryan Danforth

    Alternative Listing Agent

    Compass

    DRE #01789680

Property Details for 462 Waverley Street

MLS City Name
MENLO PARK
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 10/25/2024 12:20 AM

Property Details for 462 Waverley Street

StatusActive
MLS #ML81984142
Days on Compass65
Taxes$34,636 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1952
Lot Size0.15 AC / 6,600 SF
CountySan Mateo County

Building Information for 462 Waverley Street

Stories1Residences3Year Built1952Building Size-Lot Size0.15 AC / 6,600 SF

Property Information for 462 Waverley Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3421
  • Pool: No
  • Security Features: Security Lights
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Middlefield to El Camino Menlo Park
  • Roof: Composition, Shingle
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 462
  • Street Name: Waverley
  • Street Suffix: Street
  • Area ID: 305
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 3421
  • Structure SqFt Source: Assessor
  • Age: 72
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: R3
Location Information
  • Parcel Number: 062-405-090
  • 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 Perimeter
  • Horse Property: No
  • Lot Acres: .15
  • 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: 3
General Information
  • Annual Tax Amount: $34,636
  • Building Unit Total: 3
  • Capitalization Rate: 1.84
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,737
  • Expense Landscape: $0
  • Expense Maintenance: $2,250
  • Expense Management: $0
  • Expense Trash: $1,595
  • Expenses Other: $2,521
  • Expenses Utility: $68
  • Expenses Total: $43,807
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 27.78
  • Income Annual Gross: $92,538
  • Income Annual Rental: $95,400
  • Income Gross Scheduled: $95,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 854
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,700
Unit 3 Information
  • Unit 3 Approx Square Footage: 847
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,250
Unit Type 1
  • Unit Type1 Approx SqFt: 1050

Property History for 462 Waverley Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 462 Waverley Street

Taxable ValueLand$161,040Additions$366,630Total$527,670
Tax Record2024$11,738 ($978 / month)
Home Facts
Baths3Total Finished SqFt3,421 SqFtAbove Grade Finished SqFt3,421 SqFtStories1Lot Size6,600 SqFtStyleTriplexYear Built1952CountySAN MATEOAPN062-405-090Fireplace TypeHas Fireplace

Schools near 462 Waverley Street

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
Encinal 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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462 Waverley Street is a multi-family home for sale in Menlo Park, CA 94025. This property was listed for sale on October 17, 2024 by Compass, it's currently listed at $2,650,000. This listing's school districts are Menlo Park City Elementary School District, Sequoia Union High School District. Nearby schools include Encinal Elementary School, Hillview Middle School and Menlo-Atherton High School. 462 Waverley Street is a 0-bed, 0-bath, 3,421 sqft multi-family home built in 1952.

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 Compass, Matt Thomson, DRE #01471708; Compass, Bryan Danforth, DRE #01789680

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.