Five-Unit Multifamily
For Sale
$1,728,000
1129 Willow Rd, Menlo Park, CA 94025
Constructed in 1951, this five-unit multifamily asset features private garage parking and maintained front lawn areas.
Property Size3,852 SF
Lot Size0.14 Acres
Price / SF$448.60
Days on Market97
Property Features for 1129 Willow Rd
General Information
Standard status
Active
Size
3,852 SF
Lot size
0.14 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
5
Amenities
private garage parking
beautifully maintained front lawn area
Prime Silicon Valley Multifamily Asset in a Core Infill Location – 1129 Willow Rd presents the rare opportunity to acquire a well-situated 5-unit multifamily asset in the heart of Silicon Valley.
Unprecedented Rent Growth - Menlo Park has experienced an unparalleled demand for rental units following the pandemic.
Major Employment Center - 1129 Willow Rd is situated by many of the area's most prominent employers such as Meta, Stanford, Google, SRI International, Pacific Biosciences, and much more.
Abundant Lifestyle Amenities - The subject property offers close proximity to countless lifestyle amenities in Menlo Park and Palo Alto's downtown districts such as Nobu, STACKS Menlo Park, and Salt & Straw.
Building Details
Year Built
1951
Tenancy
Multi
Listing Agency:
Palo Alto Office
(650) 391-1700
Listed By:
Adam Levin · License #CA: 01462752
(650) 391-1782
Source:
Marcusmillichap
Added: Jul 18
Changed: Oct 21
Last Checked: Oct 20 at 5:18PM
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 Palo Alto Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit multifamily property at 1129 Willow Road was originally constructed in 1951 and includes a gross building area of 3,852 square feet on a 6,000-square-foot parcel. The building is configured with one-bedroom floor plans and offers private garage parking for residents.
In Menlo Park, the property is positioned for everyday convenience with access to shopping, dining, and entertainment options, along with proximity to major employers, educational institutions, and transportation corridors.
As a residential income asset, it provides a compact, well-established configuration with on-site parking and outdoor front lawn space.
In Menlo Park, the property is positioned for everyday convenience with access to shopping, dining, and entertainment options, along with proximity to major employers, educational institutions, and transportation corridors.
As a residential income asset, it provides a compact, well-established configuration with on-site parking and outdoor front lawn space.
Key Highlights
- 5‑unit multifamily property constructed in 1951
- 3,852 SF gross building area on a 6,000 SF parcel
- Private garage parking for residents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,840
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,096,800
$2.1M
Cap Rate 7%
$1,497,714
$1.5M
Cap Rate 9%
$1,164,889
$1.2M
Market Conditions
NOI Build-Up for 3,852 SF
Gross rent
$201.1K $52.20/SF
− Vacancy
−$10.5K −$2.71/SF
EGI
$190.6K $49.49/SF
− OpEx
−$85.8K −$22.27/SF
NOI
$104.8K $27.22/SF
Area
San Mateo County, CA
Vacancy
5.20%
Lease Rate
$52.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,096,800
Cap Rate 7%
$1,497,714
Cap Rate 9%
$1,164,889
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,840 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.06M
$2.68M – $3.57M
NOI $214,178 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 94025, CA
42,354
Population
16,259
Households
2.6
Avg Household Size
39
Median Age
73%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
5,042
Density / Sq Mi
$215,871
Median Household Income
$98,160
Median Earnings
$3,169
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Constructed in 1951, this five-unit multifamily asset features private garage parking and maintained front lawn areas.
Where is this apartment building located?
The property is located at 1129 Willow Rd Menlo Park, CA.
What is the asking price?
The asking price for this property is $1,728,000.
What are key features of this property?
This property features: 5‑unit multifamily property constructed in 1951; 3,852 SF gross building area on a 6,000 SF parcel; Private garage parking for residents
