1300-1316 Hoover St, Menlo Park is a three-building 12-unit apartment community on two contiguous parcels located two blocks away from downtown Menlo Park.
The property boasts a spacious mix of one and two-bedroom apartments with significant value-added capabilities through interior renovations and the opportunity to develop multiple ADU’s. Built in 1952 and 1957 on .66 acres of land, the 11,468 square foot properties offer an irreplaceable, infill location with a stable and strong tenant profile. Residents benefit from a myriad of amenities within proximity to the building, which highlights the strong economy of Menlo Park. Menlo Park is a stable and highly sought-after submarket that provides residents with a clean and safe community with a myriad of amenities in the area. Tenants are able to enjoy dining, shopping, entertainment, and leisurely activities all close to home. The properties offer consistent rental demand due to the rarity of development, elite public schools, and premier access to the greater Bay Area through public transportation and major freeways and thoroughfares.