855 Fremont ST Menlo Park, CA 94025

Downtown convenience in a nice quiet residential neighborhood! Walk to downtown Menlo Park, Caltrain, Parks, etc. This is a well maintained 4-plex with all spacious 1-bed, 1-bath units. Good in-place rents and opportunities for additional value and income through ADU conversion, expansion over the carport, condo conversion, and in-unit laundry. Significant recent interior and common area capital improvements including: an extensive electrical upgrade in 2008, sewer line replacement in 2020, 2 new water heaters in 2021, water-conserving landscaping and plumbing fixtures, and carport water sealing and roof repairs. Excellent tenant profile with primarily Stanford grad students. This is the border of the higher density R3 zoning in the downtown district. Lock in a pre-inflation interest rate by assuming the seller's great loan: $1,089,078 @ 3.25% fixed for another 6.5 years! Unit #2 is currently vacant so that rent is a market estimate and we can show that unit by appointment.