4 Coleman Place
in Menlo Park, California, an exceptionally well-maintained apartment complex
built in 1965. Sitting on a 7,200 square foot lot (per county assessor), the property
consists of five units, consisting of 3-bedroom, 2-bedroom, and 1-bathroom
floorplans. With on-site parking, dual-pane windows, and a convenient on-site
laundry facility, this property offers a comfortable living experience for tenants.
The property has been well cared for, with significant updates in recent years,
including a new roof installed in 2021. Additionally, the sewer lateral system and
electrical panels have been recently upgraded. These improvements add long-term
value to the asset, providing peace of mind for both residents and investors alike.
4 Coleman Place is ideally located in a prime area of Menlo Park, just 1.6 miles from
Downtown Palo Alto and 1.8 miles from Stanford University. The property is also within
close proximity to Facebook's global headquarters, making it an attractive option for
employees of the tech giant. The Menlo Park Caltrain station is 1.9 miles away, and
the property is easily accessible via El Camino Real and Highway 101. This central
location makes 4 Coleman Place an ideal rental property for commuters traveling
between San Francisco and San Jose, offering both convenience and accessibility.
PROPERTY HIGHLIGHTS
• Significant capital improvements: New electrical subpanels, upgraded sewer lateral
system, and a new roof installed in 2021.
• Prime location in close proximity to Meta/ Facebook’s global headquarters, Downtown
Palo Alto, and Stanford University.
• Situated in a highly desirable core peninsula location, the property offers an attractive
investment opportunity with income upside and appreciation.
• Diverse unit mix including 3-bedroom, 2-bedroom, and 1-bedroom floorplans with onsite parking, dual-pane windows, and laundry facility.