632 University DR, MENLO PARK, CA 94025

MLS# ML81955067
Status: Pending

  • $2,588,000

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  • 0.2032

    Approx. Lot Size
  • Listing Class: Residential Lots & Land
  • Property Type: Lot/Land

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    Julie Tsai Law

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    Julie Tsai Law

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    Details

    632 University Dr. offers a strategic covered land play, allowing developers to capitalize on the land's current returns during the planning phase of future opportunities. Property is being sold alongside the adjacent property, 624 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. When purchased together, the lot size becomes almost 18,000 SqFt, allowing for the development of up to 12 units. 632 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of the four units are ground level with no unit above and have private yards. Units have an abundance of natural light and some have been upgraded with new counters, tile baths, and new vanities. The roof was replaced within the last 5 years.

    Features

    General Features

    • Listing ClassResidential Lots & Land
    • ZoningR3
    • Property TypeLot/Land
    • Lot DescriptionOther
    • Parcel071-312-310
    • Horse PropertyNo

    Exterior Features

    • FencingWood

      Utilities & Energy

      • UtilitiesPublic Utilities
      • Sewer/SepticSewer Connected
      • WaterPublic

      Neighborhood

      Allied Arts / Downtown

      Market Conditions

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