Remodeled Duplex with Dual
1054 -1058 Marcussen Drive Menlo Park, CA 94025
1054 -1058 Marcussen Drive, Menlo Park, CA, 94025
$2,950,000
For Sale
$2,950,000
Duplex offers remodeled kitchens and baths, dual glazed windows, covered front porches, and attached garages.
Property Size3,295 SF
Price / SF$895.30
Days on Market15
Property Features for 1054 -1058 Marcussen Drive
General Information
- Standard status
- Active
- Size
- 3,295 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing agency
Coldwell Banker Realty
(650) 400-5800
Listed by
Nancy Goldcamp · License #00787851
(650) 400-5800
Source
Exitrealty
Added: Jul 7 Updated: Jul 20 at 6:03PM Checked: Jul 21 at 5:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex is set up as two separate units, each with remodeled kitchens and baths. Both units include dual glazed windows with window treatments and feature covered front porches. The front unit is a 2-bedroom, 1-bath layout with an attached garage and additional outdoor space including a cottage garden, a small patio, and a side yard. The rear unit is a two-level configuration with 3 bedrooms and a large bath, along with an attached garage and a laundry/mud-room area with bathroom fixtures. The rear unit also benefits from a large rear yard, a spacious side yard, and a storage building.
The property is located on a tree-lined street near Menlo Atherton High School and is approximately a half-mile to Caltrain. It is also described as close to downtown Menlo Park and nearby amenities including Trader Joe’s and Peet’s, as well as Burgess Park and the Library.
A notable feature of the duplex is that it has been enjoyed by one family, with parents occupying one side and an adult child occupying the other, and there is no recent rental information provided for the building.
The property is located on a tree-lined street near Menlo Atherton High School and is approximately a half-mile to Caltrain. It is also described as close to downtown Menlo Park and nearby amenities including Trader Joe’s and Peet’s, as well as Burgess Park and the Library.
A notable feature of the duplex is that it has been enjoyed by one family, with parents occupying one side and an adult child occupying the other, and there is no recent rental information provided for the building.
Key Highlights
- Duplex with two covered front porches—front unit and rear unit layout for shared living or renting.
- Both units feature remodeled kitchens and baths and dual‑glazed windows with window treatments.
- Front unit is a 2BR/1BA with 1,025 sq ft and includes an attached garage.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.3k | $44.40 |
| − Vacancy | −$9.5k | −$2.89 |
| EGI | $136.8k | $41.51 |
| − OpEx | −$41.0k | −$12.45 |
| NOI | $95.8k | $29.06 |
3,295 SF · lease $44.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $95,752 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,680 @ 7.0% cap · market cap 3.04%
Theoretical Best
Warehouse
$2.62M
$2.29M – $3.05M
NOI $183,208 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers remodeled kitchens and baths, dual glazed windows, covered front porches, and attached garages.
Where is this duplex located?
The property is located at 1054 -1058 Marcussen Drive Menlo Park, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Duplex with two covered front porches—front unit and rear unit layout for shared living or renting.; Both units feature remodeled kitchens and baths and dual‑glazed windows with window treatments.; Front unit is a 2BR/1BA with 1,025 sq ft and includes an attached garage.
