450 Laurel Street

Menlo Park, CA 94025

$3,995,000
Price
Beds
5,358 Sq. Ft.
$746 / Sq. Ft.
5,358
Sq. Ft.
$746
per Sq. Ft.

Description

A Rare Complex with a traditonal and yet a Contemporary Feel, 6 light & bright units,in a Lush Landscape Setting,Open Concept Design w/ Large Expanses of Glass,Sought after one level units w/Updates throughtout,Unit's 1 Bdrm & 1 bath,4 w/ large private yards,2 w/Fireplaces and 2 w/Washers& Dryers. Close to Dwtn Menlo Park and Palo Alto. Easy Communte Added Advantage Menlo Train Station,Steps to Burgess Park and the Menlo Communuity Center. Known worldwide as the "Capital of Venture Capital Menlo...A Rare Complex with a traditonal and yet a Contemporary Feel, 6 light & bright units,in a Lush Landscape Setting,Open Concept Design w/ Large Expanses of Glass,Sought after one level units w/Updates throughtout,Unit's 1 Bdrm & 1 bath,4 w/ large private yards,2 w/Fireplaces and 2 w/Washers& Dryers. Close to Dwtn Menlo Park and Palo Alto. Easy Communte Added Advantage Menlo Train Station,Steps to Burgess Park and the Menlo Communuity Center. Known worldwide as the "Capital of Venture Capital Menlo Park helps shapesnew technologies, where in this community the quality of life is balanced w/ a forward-moving goal to strive for something more. Prized for its closeproximity to all that the Bay Area offers. This lively dwtn features unique & upscaleshops and restaurants. Set in a pleasant,pedestrian-oriented atmosphere,Menlo Parks downtown area attracts locals and visitors alike. Burgess Park: This 9.31-acre park provides diverse facilities which are easily accessible to all Menlo Park residents. Several long term tenants due to location and conditon.." True Garden Apartments"
  1. Listed by Gregg Ann Herrern • DRE #01003487 • Brokerage DRE #00325241 • The Abigail Company • 415-203-3007
  2. Listed by Abby Ahrens • DRE #00325241 • Brokerage DRE #00325241 • The Abigail Company

Property Details for 450 Laurel Street

MLS City Name
MENLO PARK
Building Type
Other
Style
Other
Garage Spaces
0
Parking Spaces
0
View
Other
Cross Street
Burgess Street

Open Houses

Wednesday, May 1st

10:00 AM - 11:00 AM

PublicView Details

Location

Listing Courtesy of The Abigail Company, Gregg Ann Herrern, DRE #01003487; The Abigail Company, Abby Ahrens, DRE #00325241
Add your commute
LISTING UPDATED: 04/25/2024 02:20 PM

Property Details for 450 Laurel Street

StatusActive
MLS #ML81947237
Days on Compass166
Taxes$55,348 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1951
Lot Size0.30 AC / 13,260 SF
CountySan Mateo County

Location

Listing Courtesy of The Abigail Company, Gregg Ann Herrern, DRE #01003487; The Abigail Company, Abby Ahrens, DRE #00325241
Add your commute

Building Information for 450 Laurel Street

Stories-Residences-Year Built1951Building Size-Lot Size0.30 AC / 13,260 SF

Payment Calculator

$26,415 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,802

Property Taxes

$4,612

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 450 Laurel Street

Features
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Countertop - Formica, Countertop - Laminate, Countertop - Tile, Dishwasher, Garbage Disposal, Oven Range - Built-In, Gas, Oven Range - Gas, Refrigerator
Features
  • Amenities: High Ceiling
  • Communications: Cable TV
  • Energy Features: Double Pane Windows
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 5358
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Off-Site Parking
Property Details
Homeowners Association
  • HOA Amenities: Common Utility Room, Garden / Greenbelt / Trails
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 6
  • Area Text: Middlefield to El Camino Menlo Park
  • Restrictions: Pets - Allowed
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 450
  • Street Name: Laurel
  • Street Suffix: Street
  • Area ID: 305
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 5358
  • Structure SqFt Source: Assessor
  • Age: 72
Development Information
  • Construction Type: Other
  • Ownership Type: Corporation
  • Zoning Detail: R3000A
Location Information
  • City Limits: Yes
  • Directions: From Willow, a right on Laurel near Burgess
  • Parcel Number: 062-411-010
  • 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
  • Lot Acres: .30
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Balcony / Patio, Sprinklers - Auto, Sprinklers - Lawn, Storage Shed / Structure
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $55,348
  • Capitalization Rate: 2.75
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Other
  • Income Includes: Coin Operated Equip
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,492
  • Expense Landscape: $4,873
  • Expense Maintenance: $1,200
  • Expense Management: $12,224
  • Expense Trash: $3,017
  • Expenses Other: $331
  • Expenses Utility: $4,693
  • Expenses Total: $85,178
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 20.47
  • Income Annual Gross: $195,162
  • Income Annual Rental: $194,436
  • Income Gross Scheduled: $195,162
  • Income Other: $726
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,647
Unit 2 Information
  • Unit 2 Approx Square Footage: 698
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,450
Unit Type 1
  • Unit Type1 Approx SqFt: 700

Property History for 450 Laurel 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 450 Laurel Street

Taxable ValueLand$2,007,933Additions$2,231,037Total$4,238,970
Tax Record2023$56,068 ($4,672 / month)
Home Facts
Baths6Total Finished SqFt5,358 SqFtAbove Grade Finished SqFt5,358 SqFtStories2Lot Size13,260 SqFtStyleMulti-Family Res (5+ Units)Year Built1951ZoningR3000ACountySAN MATEOAPN062-411-010Fireplace TypeHas Fireplace

Schools near 450 Laurel 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.

Similar Homes

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Similar Sold Homes

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450 Laurel Street is a multi-family home for sale in Menlo Park, CA 94025. This property was listed for sale on November 12, 2023 by The Abigail Company, it's currently listed at $3,995,000. It has been on the market for a total of 166 days and was last sold on August 16, 2016. 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. 450 Laurel Street is a 0-bed, 0-bath, 5,358 sqft multi-family home built in 1951.

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 The Abigail Company, Gregg Ann Herrern, DRE #01003487; The Abigail Company, Abby Ahrens, DRE #00325241

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.