OFF MARKET

Off Market May 2025 for $3M

—

Est. refi paymentEst. refi $11,179/mo

•

7,356

sq ft

505 & 513 Pierce Rd, Menlo Park, CA 94025

About this home

505 & 513 Pierce Street in Menlo Park is a 10-unit property consisting or 2 identical adjacent 5-unit apartment buildings (available separately or together). (2) 2+1s & (8) 1+1s. Excellent 5.07% Day One Cap Rate. 7 of the 10 units have been renovated with premium in-place rents and 1 of the unrenovated units is vacant and being intentionally held unoccupied so a new owner can benefit immediately by upgrading the unit and adding value. Strong in-place RUBS & Laundry income. This is part of a 29 unit portfolio sale consisting of 5 buildings, available as a portfolio or separately in any combination: 3786 Rolison Road, Redwood City - 12 Units, 154 Poplar Avenue, Redwood City - 5 Units, 505 Pierce Road, Menlo Park: 5 Units, 513 Pierce Road, Menlo Park - 5 Units, 501 Pierce Road, Menlo Park - Duplex. All properties on MLS.

Multi-familyProperty Type

1957Year Built

10,655 sq ftLot Size

$411Price/Sq.Ft.

Listed by Matthew Thomson •DRE #01471708 • Compass

Listed by Steve Zirelli •DRE #01929245 • Cornish & Carey Commercial

Contact: 650-515-6555

Bought with Carlos Padilla •DRE #01342889 • Intero Real Estate Services

Bought with Hema Lakhani •DRE #01943638 • Intero Real Estate Services

Redfin checked: 2 minutes ago

•Source:MLSListings #ML81997631

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 94025, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

103.2%

+0.4% MoM

Median sale price

$3.2M

$86K MoM

Avg. days on market

15d

1 days MoM

Recently sold homes

108

14 MoM

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See all

Provided by Redfin

Sale history for 505 & 513 Pierce Rd

Date

Event

Price

Public Records

May 28, 2025

Sold

$3,025,000

$411/sq ft

MLSListings #ML81997631

May 29, 2025

Pending

—

May 29, 2025

Sold

$3,025,000

$411/sq ft

May 29, 2025

Sold

$3,025,000

$411/sq ft

Mar 12, 2025

Listed

$3,200,000

$435/sq ft

Mar 12, 2025

Listed

$3,200,000

$435/sq ft

+11

Public Records

Jan 19, 2018

Sold

$1,734,000

$236/sq ft

Public Records

Jan 19, 2018

Sold

$1,886,500

$256/sq ft

Public Records

Nov 19, 1980

Sold

$239,000

$32/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$30,122 (+2.7%)

$816,000 + $726,750

$1,542,750

2024

$29,338 (+2.8%)

$910,261 + $1,062,730

$1,972,991

2023

$28,530 (+4.7%)

$892,413 + $1,041,893

$1,934,306

2022

$27,240 (+2.0%)

$874,915 + $1,021,464

$1,896,379

2021

$26,704 (+1.2%)

$857,760 + $1,001,436

$1,859,196

2020

$26,379 (+0.8%)

$840,942 + $981,800

$1,822,742

2019

$26,181 (+229.8%)

$832,320 + $971,733

$1,804,053

2018

$7,939 (+4.7%)

$816,000 + $952,680

$1,768,680

2017

$7,586 (+3.4%)

$45,507 + $118,346

$163,853

2016

$7,337 (+4.6%)

$45,507 + $118,346

$163,853

2015

$7,011 (+6.5%)

$44,615 + $116,026

$160,641

2014

$6,581 (+11.6%)

$43,085 + $112,046

$155,131

2012

$5,896 (+6.2%)

$42,891 + $111,540

$154,431

2011

$5,552 (+3.4%)

$42,050 + $109,353

$151,403

2010

$5,369 (+10.0%)

$41,226 + $107,209

$148,435

2009

$4,883 (+21.1%)

$40,918 + $106,408

$147,326

2008

$4,031

$41,016 + $106,661

$147,677

Tax history for 505 & 513 Pierce Rd

Year

Property tax

Land + Additions

Assessment*

2025

$30,122 (+2.7%)

$816,000 + $726,750

$1,542,750

2024

$29,338 (+2.8%)

$910,261 + $1,062,730

$1,972,991

2023

$28,530 (+4.7%)

$892,413 + $1,041,893

$1,934,306

2022

$27,240 (+2.0%)

$874,915 + $1,021,464

$1,896,379

2021

$26,704 (+1.2%)

$857,760 + $1,001,436

$1,859,196

2020

$26,379 (+0.8%)

$840,942 + $981,800

$1,822,742

2019

$26,181 (+229.8%)

$832,320 + $971,733

$1,804,053

2018

$7,939 (+4.7%)

$816,000 + $952,680

$1,768,680

2017

$7,586 (+3.4%)

$45,507 + $118,346

$163,853

2016

$7,337 (+4.6%)

$45,507 + $118,346

$163,853

2015

$7,011 (+6.5%)

$44,615 + $116,026

$160,641

2014

$6,581 (+11.6%)

$43,085 + $112,046

$155,131

2012

$5,896 (+6.2%)

$42,891 + $111,540

$154,431

2011

$5,552 (+3.4%)

$42,050 + $109,353

$151,403

2010

$5,369 (+10.0%)

$41,226 + $107,209

$148,435

2009

$4,883 (+21.1%)

$40,918 + $106,408

$147,326

2008

$4,031

$41,016 + $106,661

$147,677

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

5,327 Sq. Ft.

Year renovated

1957

Sq. Ft.

3,678

Year built

1957

Style

Multi-Family (5+ Unit)

County

San Mateo County

APN

062022120

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 2, 2026.

Property details

Parking

Parking Information
Carport (Minimum): 10
Parking Description: Carport

Interior

Heating & Cooling Information
Heating: Gas

Multi-Unit Information
# of Units in Complex (Minimum): 10
Annual Rental Income: $266,400
Annual Gross Income: $270,141
Gross Rent Multiplier: 11.49
Gross Scheduled Income: $278,496
Other Income: $12,096
Other Expenses: $2,500
Total Expenses: $108,243
Vacancy Factor: 3

Unit Type 1 Information
# of Bedrooms: 2
# of Units (Total): 2
# of Baths (Full): 1
Rent: $2,750

Unit Type 2 Information
# of Bedrooms: 1
# of Units (Total): 8
# of Baths (Full): 1
Rent: $1,800

Exterior

Exterior Features
Roof: Composition, Shingle

Building Information
# of Buildings: 2
Subclass: 5+ Units
Concrete Perimeter

Property Features
Living Sq. Ft.: 7,356
Security Features: Security Lights
Special Features: Parking

Property Information
Property Primary ID: 725489
Tenant Expenses: Utilities (Electric), Utilities (Gas), Other

Land Information
Landscape Expense: $4,440

Lot Information
Lot Acres: 0.2446
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Other (See Remarks)
Zoning: R40000

Financial

Tax/Assessment Information
Annual Tax Amount: $51,159

Utilities

Utility Information
Meters: Separate Electric, Separate Gas
Sewer Septic: Sewer (Public)
Utilities: Public Utilities
Trash Expense: $26,489
Utility Expenses: $4,703

Water Information
Water: Public

Location

School Information
Elementary School District: Ravenswood City Elementary
High School District: Sequoia Union High

Public facts

Beds: 6
Baths: 5.0
Sq. Ft.: 3,678
Stories: 2.0
Lot Size: 5,327 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1957
Year Renovated: 1957
County: San Mateo County
APN: 062022120

Home facts updated by county records on Sep 2, 2026

Around this home

Schools

Belle Haven Elementary School

Public K-5 • Assigned • 0.2mi

1/10

Ravenswood Comprehensive Middle

Public 6-8 • Assigned • 1.0mi

4/10

Menlo-Atherton High School

Public 9-12 • Assigned • 1.1mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Menlo Park continues to attract buyers looking for long-term value, especially in neighborhoods close to downtown and top-rated schools. Well-prepared homes are still generating strong interest, while buyers are taking a little more time to compare...
1 month ago • Menlo Park
Sasai Zhang
Redfin Premier agent
182 deals
Was this helpful?
Menlo Park feels like the quiet secret sibling of Palo Alto. A pedestrian bridge at the end of San Mateo Drive links the city to Stanford land. Allied Arts Guild gives the community a creative heartbeat, and Barrone Café has been the town’s go‑to...
1 month ago • Menlo Park
Susanne Bohl
Redfin Premier agent
116 deals
Was this helpful?

Climate risks

6/10 Flood Factor

Estimated 62-76% chance of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 90° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

16 unhealthy days expected this year, 16 days in 30 years

Provided by First Street

Historical weather

Menlo Park, CA • 94025

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 11.1 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

11.1 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 505 & 513 Pierce Rd

Data from public records.

Address	Redfin Estimate
513 Pierce Rd, Menlo Park, CA 6 Beds \| 5 Baths \| 3678 Sq. Ft.	—
475 Pierce Rd, Menlo Park, CA 4 Beds \| 2 Baths \| 1940 Sq. Ft.	$1,216,369

Address	Redfin Estimate
Pierce Rd, Menlo Park, CA 4 Beds \| 3 Baths \| 2884 Sq. Ft.	$1,905,900
160 Newbridge St, Menlo Park, CA 3 Beds \| 1 Baths \| 1040 Sq. Ft.	$1,417,765

Address	Redfin Estimate
485 Pierce Rd, Menlo Park, CA 6 Beds \| 3 Baths \| 3078 Sq. Ft.	$1,955,468
180 Newbridge St, Menlo Park, CA 3 Beds \| 1.5 Baths \| 1290 Sq. Ft.	$1,934,178

Property information provided by MLSListings when last listed in 2025. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 94025, CA

Sale history for 505 & 513 Pierce Rd

Tax history for 505 & 513 Pierce Rd

Public record

Property details

Around this home

Schools

Lifestyle

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 94025

Home values near 505 & 513 Pierce Rd

More real estate resources