Description

Discover the rare opportunity awaiting at 883 Middle Avenue, a versatile property nestled in the heart of Menlo Park. This unique lot features a charming two-bedroom, one-bathroom, approximately 1,010-square-foot single-family home at the front, complemented by a cozy, approximately 400-square-foot cottage at the rear, thoughtfully converted years ago from the garage. These rental units offer a proven track record of strong cash flow (over $7,500 per month), with pro forma rents closer to $8,000+ per month.

But the potential doesn’t stop there. Imagine crafting your custom dream home on this expansive lot, or explore the possibility of a lot split under California’s SB9 provisions to maximize value. Whether you’re seeking a steady income stream, a blank canvas for your vision, or a strategic development opportunity, 883 Middle Avenue delivers unmatched flexibility.

The owner of the this property has also indicated a willingness to do a structured sale or carry a note on the property at a low interest rate of 5.99% for a period of two years with a balloon payment at that time with a 30 year amortization on the note. This could make it easier to create and build your dream home without the need for a cumbersome loan process, especially for builders.

The location is simply unbeatable. Just steps from vibrant downtown Menlo Park, you’ll enjoy easy access to boutique shopping, top-tier dining, and serene parks—perfect for a lifestyle of convenience and leisure. This is more than a property; it’s a gateway to endless possibilities in the Allied Arts Neighborhood - one of the most coveted in the Bay Area due to its proximity to Stanford University and Sand Hill Road.

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