632 University Drive Menlo Park, CA $ 2,588,000
632 University Drive
$ 2,588,000
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632 University Drive

Menlo Park, CA, 94025
$ 2,588,000
Baths0.0

Monthly Estimate*

$ 17,201

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Studio

Lots and Land for sale in Menlo Park, CA

for $2,588,000. The lot size is 0.203168.

632 University Dr. offers a strategic covered land play, allowing developers to capitalize on the land's current returns during the planning phase of future opportunities. Property is being sold alongside the adjacent property, 624 University Dr. PROPERTIES SOLD TOGETHER OR SEPARATELY. When purchased together, the lot size becomes almost 18,000 SqFt, allowing for the development of up to 12 units. 632 University Dr. is located in one of the most desirable areas of Menlo Park, west of El Camino, and three blocks from Downtown Menlo Park with abundant shopping, dining, and entertainment options. The property is within walking distance to Caltrain and approx. one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center. The unit mix is (4) 1 bd / 1 ba units that are approx. 675 SF each (buyer to verify). Amenities include two on-site parking spaces per unit and direct access to Nealon Park (tennis, softball, pickle ball, dog park, etc.) through a gate at the rear of the property. Three of the four units are ground level with no unit above and have private yards. Units have an abundance of natural light and some have been upgraded with new counters, tile baths, and new vanities. The roof was replaced within the last 5 years.

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Lots and Land Pending

Price

$ 2,588,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Unimproved Land

Lot Size

0.203168

Town/City

Menlo Park

County/Region

San Mateo

MLS | Web ID

ML81955067

Features
General
Zoning R3
Property SubType Unimproved Land
County San Mateo
Property Type Land
HOA / Comm Assn Y
Status Pending
City Menlo Park
High School District Sequoia Union High
MLS Area Listing
Lot Size Square Feet 8850
Street Name University Drive
Standard Status Pending
Elementary School District Menlo Park City Elementary
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Exterior
Water Source Public
Lot Size Area 8850
Lot Size Acres 0.2
Road Frontage Type City Street
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* Excluded Features
List By
Carlos Azucena

Listing Agent

Marcus & Millichap

Broker

cazucena@marcusmillichap.com

Email

Affordability Calculator

$17,201
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,201
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3924365 Elementary School
3924367 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$2,588,000 Listed Price

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632 University Drive, Menlo Park, CA, 94025 is a Lots and Land for sale at $2,588,000 with a lot size of 0.203168. 632 University Drive is a studio with 0.0 baths. The property's zip code is 94025 which is in Menlo Park, CA