Atherton Green benefits from an excellent location West of El Camino Real on the border of Atherton and Menlo Park. 50 units - (10) Studios, (28) 1+1, (8) 2+1, (3) 2+1.5 and (1) 2+2. Additional 51st non-conforming 1+1 that can be rented out. Modern exterior renovation. Renovated interiors. All units feature in unit washers & dryers, patios/balconies. Secured buildings with spacious on-site rental office. Outdoor community area with built-in BBQ. Several units have been furnished and are achieving rents of $3,400/month for studios. Strong in place rents with upside potential. Market Cap Rate of 5.31%. Attractive assumable debt available.
Listing courtesy of Justin Bautista from Newmark Cornish & CareySelling Office: NEWCC.
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