1341 Mills Street

Menlo Park, CA 94025

$2,500,000
Last Sold Price
Beds
3,920 Sq. Ft.
$638 / Sq. Ft.
3,920
Sq. Ft.
$638
per Sq. Ft.

Description

SC Properties is pleased to present for sale 1341 Mills Street, Menlo Park California. The property is an attractive five-unit multi-family property blocks from Downtown Menlo Park. The building has wonderful curb appeal, charming units, covered carport parking, and on-site laundry. Recent upgrades include - dual pane windows throughout, sewer lateral replacement, electrical upgrades and a new roof. All five apartments are 1br/1ba units. Please do not walk the property without listing agents and...SC Properties is pleased to present for sale 1341 Mills Street, Menlo Park California. The property is an attractive five-unit multi-family property blocks from Downtown Menlo Park. The building has wonderful curb appeal, charming units, covered carport parking, and on-site laundry. Recent upgrades include - dual pane windows throughout, sewer lateral replacement, electrical upgrades and a new roof. All five apartments are 1br/1ba units. Please do not walk the property without listing agents and do not disturb tenants. Please contact listing agents for a comprehensive marketing brochure. OPEN Thursday 9/9 10am-11am and Wednesday 9/15 10am-11am.
  1. Listed by Kevin J. Phillips • DRE #01470917 • Brokerage DRE #01216956 • SC Properties • 650-380-2868
  2. Listed by Chris Giotinis • DRE #01962295 • Brokerage DRE #01216956 • SC Properties

Property Details for 1341 Mills Street

MLS City Name
MENLO PARK
Building Type
Other
Garage Spaces
0
Parking Spaces
2

Location

Listing Courtesy of SC Properties, Kevin J. Phillips, DRE #01470917; SC Properties, Chris Giotinis, DRE #01962295

Sold By SC Properties, Chris Giotinis, DRE #01962295

Add your commute
LISTING UPDATED: 11/19/2021 09:41 AM

Property Details for 1341 Mills Street

StatusSold
MLS #ML81861421
Days on Compass15
Taxes$23,195 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1946
Lot Size0.18 AC / 8,050 SF
CountySan Mateo County

Location

Listing Courtesy of SC Properties, Kevin J. Phillips, DRE #01470917; SC Properties, Chris Giotinis, DRE #01962295

Sold By SC Properties, Chris Giotinis, DRE #01962295

Add your commute

Building Information for 1341 Mills Street

Stories-Residences-Year Built1946Building Size-Lot Size0.18 AC / 8,050 SF

Payment Calculator

$15,576 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$1,933

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1341 Mills Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3920
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport, Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Middlefield to El Camino Menlo Park
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1341
  • Street Name: Mills
  • Street Suffix: Street
  • Area ID: 305
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 3920
  • Structure SqFt Source: Assessor
  • Age: 75
Development Information
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 061-402-030
  • 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, Concrete Perimeter and Slab
  • Lot Acres: .18
  • 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: 5
General Information
  • Annual Tax Amount: $23,195
  • Capitalization Rate: 2.63
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,587
  • Expense Landscape: $0
  • Expense Maintenance: $2,000
  • Expense Management: $8,400
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $2,000
  • Expenses Total: $39,182
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener, Utilities - Water
  • Gross Rent Multiplier: 23.42
  • Income Annual Gross: $107,476
  • Income Annual Rental: $110,400
  • Income Gross Scheduled: $110,800
  • Income Other: $400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1341 Mills 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 1341 Mills Street

Taxable ValueLand$1,938,000Additions$612,000Total$2,550,000
Tax Record2023$36,326 ($3,027 / month)
Home Facts
Baths5Total Finished SqFt3,920 SqFtAbove Grade Finished SqFt3,920 SqFtStories1Lot Size8,050 SqFtStyleMulti-Family Res (5+ Units)Year Built1946CountySAN MATEOAPN061-402-030

Schools near 1341 Mills 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
Charter - 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

Everest Public High
Charter9 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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SC Properties, Kevin J. Phillips, DRE #01470917; SC Properties, Chris Giotinis, DRE #01962295

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.