Five-Unit Multifamily
1129 Willow Road Menlo Park, CA 94025
1129 Willow Road, Menlo Park, CA, 94025
$1,880,000
For Sale
$1,880,000
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$488.06
Days on Market16
Property Features for 1129 Willow Road
General Information
- Standard status
- Active
- Size
- 3,852 SF
- Lot size
- 0.14 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1951
Listing agency
Marcus & Millichap
(650) 391-1700
Listed by
Adam S. Levin · License #01462752
Source
Xome
Added: Jul 7 Updated: Jul 22 at 9:12AM Checked: Jul 22 at 9:12AM
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 Marcus & Millichap
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
Local Financial Insights For Apartment 5plus
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 | $201.1k | $52.20 |
| − Vacancy | −$10.5k | −$2.71 |
| EGI | $190.6k | $49.49 |
| − OpEx | −$85.8k | −$22.27 |
| NOI | $104.8k | $27.22 |
3,852 SF · lease $52.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,840 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.06M
$2.68M – $3.57M
NOI $214,178 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 Road Menlo Park, CA.
What is the asking price?
The asking price for this property is $1,880,000.
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
