INVESTMENT HIGHLIGHTS

1280 & 1300 Mills Street is a trophy asset in an outstanding location, in close proximity to both downtown Menlo Park & Palo Alto, perfect for investors, value-add operators, long-term holders, and owner-occupants alike. The apartment complex is comprised of two neighboring parcels totaling 11 units and has been operated as a legacy hold by the same family since being built in 1933 & 1963. FIRST TIME EVER ON THE MARKET.

  • 1280 Mills Street – 6 Units: (2) 2 + 1.5, (2) 2 + 1, (2) 1 + 1
  • 1300 Mills Street – 5 Units: (1) 3 + 2 Home, (3) 1+1, (1) Studio
  • Electrical System received complete upgrade to all main and sub panels
  • Oversized combined lot space of 25,546 SF providing redevelopment opportunity
  • Significant add-value opportunity with ability to increase rents day one, and implement higher end renovations over time to achieve top market rents as turnovers occur
  • Ground floor units have private yards with beautiful mature landscaping and trees – private balconies on second floor units
  • Mostly dual pane windows throughout
  • New water heaters in 2022
  • Driveway areas repaved with brick to replace asphalt
  • Garage, driveway, carport & open parking
  • Laundry facility on-site provides additional income
  • Add 2 ADUs: Convert the garage parking into two new ADU units to add income and value
  • Numerous recent interior renovations to select units
  • Excellent location near downtown Menlo Park & Palo Altos