SF Peninsula Real Estate Guru

An exciting new small residential income property in downtown Menlo Park has been listed by Catherine Vallee 415 990-5913.

The property address is 855 Fremont Street and the list price is $1,195,000.

The building contains 4 one bedroom units rented for between $1,250 and $1,350 per month. Market rent may be closer to $1,450.

This property offers a fabulous downtown Menlo Park location within walking distance of Draeger’s Market and Nealon Park.

The property produces $5,200 per month in gross rental income or $62,400 on an annual basis. Monthly rental rates for a desirable location like this are increasing rapidly.

With single family home prices leveling out, it might be a good time to purchase a small investment property and take advantage of the increasing rental rates.