Property Overview:
462 & 472 Waverley St are multi-family triplexes in the Linfield Oaks neighborhood of Menlo Park, CA, built in 1952. Each property features 3,421 sq. ft. (or 3,398 sq. ft. in some listings) on a 0.15-acre lot, with a total of 5 bedrooms and 3 bathrooms per building. Each triplex is offered at $2,650,000 and can be purchased separately or together as a 6-unit investment property.
Neighborhood Highlights:
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Population & Demographics:
- Community population: 38,986 (10% growth since 2000)
- 59% families with children
- Largest age groups: 35-44 (16.02%), 45-54 (14.98%)
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Crime Rate:
- Personal crime risk: 8.3% (lower than state average of 11.8%)
- Property crime risk: 9.6% (lower than state average of 10.8%)
- Relatively safe neighborhood
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Schools:
- Nearby: Menlo-Atherton High, Laurel Elementary, Hillview Middle, Packard Children’s Hospital/Stanford
- Average SAT score: 1100 (higher than state average of 975)
- Feeds into prestigious Menlo Park School Districts
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Job Market:
- 73.9% white-collar jobs, 26.1% blue-collar jobs
- Unemployment rate: 2.9% (lower than state average of 4.7%)
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk
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Weather:
- Average temperature: 51.9°F (January), 87.0°F (July)
- Average rainfall: 17.4 inches/year
- Average snowfall: 0.1 inches/year
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Cost of Living:
- Median household income: $107,463
- Average annual spending: $72,061
Property Features:
- Two identical triplexes (can be sold together or separately)
- Unit Mix (per triplex):
- 2 Large Two-Bedroom / One-Bath Units
- 1 One-Bedroom / One-Bath Unit
- Spacious layouts with NO SHARED WALLS between units for privacy
- In-unit laundry for all apartments
- Rear units designed as Owner’s Units:
- Oversized 2-bedroom layouts
- Dedicated dining areas
- Fireplaces, hardwood floors, French doors
- Large private backyards
- Parking:
- One tuck-under parking space per unit
- Potential for additional tandem or off-street parking
- Add-value opportunity:
- Potential to increase rents with high-end renovations
- Option to convert tuck-under parking to ADU
- Biker’s Paradise: Bike score of 100
- Less than a mile to downtown Menlo Park and Palo Alto
- Open house tours available (see listing for dates)
Location Benefits:
- Highly desirable Linfield Oaks neighborhood
- Quiet, tree-lined streets
- Close to Burgess Park, Stanford, and Caltrain
- Ideal for investors and owner-occupiers
- Strong rental demand due to location and school district
- No dogs, no smoking (per rental policy)
- Owner pays water and garbage (for rentals)