462 Waverley St Menlo Park, CA 94025
Linfield Oaks Neighborhood
5
Beds
3
Baths
3,421
Sq Ft
6,599
Sq Ft Lot
About This Home
As of May 2025PRICED REDUCED! OPEN HOUSE TOUR: Thursday, February 6th from Noon - 2pm. Prime Menlo Park Triplex located in highly desirable Linfield Oaks Neighborhood. Two separate, identical triplexes on adjacent lots that can be sold separately or together as a 6-unit property. Attractive unit mixes at each property: (2) Large Two-Bedroom / One Bath Units & (1) One-Bedroom / One-Bath Unit. Spacious layouts and NO SHARED WALLS between units creating a home-style living environment for tenants. All apartments benefit from in-unit laundry. Rear units are designed as Owner's Unit with oversized 2-bedroom layouts, dedicated dining areas, fireplaces, hardwood floors, French doors, and large private backyards. One tuck-under parking space per unit, with potential for additional tandem or off-street parking. Excellent add-value opportunity to increase rents over time with higher end interior renovations and converting tuck-under parking to ADU. Outstanding location less than a mile to downtown Menlo Park and Palo Alto with a "Biker's Paradise" score of 100! Feeds into prestigious Menlo Park School Districts.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,738
Year Built
- 1952
Lot Details
- 6,599 Sq Ft Lot
Parking
- 3 Carport Spaces
Home Design
- Triplex
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,421 Sq Ft Home
- 1-Story Property
- Security Lights
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $95,400
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $2,737
- Maintenance Expense $2,250
- Other Expense $2,521
- Utility Expense $68
- Trash Expense $1,595
- Operating Expense $42,144
- Gross Income $92,538
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 18, 2024
Sold by
Covolo 1990 Revocable Trust and Covolo Christopher Bernard
Bought by
Covolo Christopher Bernard and Covolo Edward Erling
Current Estimated Value
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2025 05/02/25 | Sold | $2,428,000 | -2.8% | $710 / Sq Ft |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- |
| 02/03/2025 02/03/25 | Price Changed | $2,497,500 | -5.8% | $730 / Sq Ft |
| 10/17/2024 10/17/24 | For Sale | $2,650,000 | -- | $775 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,738 | $2,476,560 | $2,088,960 | $387,600 |
| 2023 | $11,738 | $517,325 | $157,883 | $359,442 |
| 2022 | $10,949 | $507,183 | $154,788 | $352,395 |
| 2021 | $10,564 | $497,239 | $151,753 | $345,486 |
| 2020 | $10,406 | $492,141 | $150,197 | $341,944 |
| 2019 | $10,181 | $482,492 | $147,252 | $335,240 |
| 2018 | $9,851 | $473,032 | $144,365 | $328,667 |
| 2017 | $9,579 | $463,758 | $141,535 | $322,223 |
| 2016 | $9,162 | $454,665 | $138,760 | $315,905 |
| 2015 | $8,928 | $447,836 | $136,676 | $311,160 |
| 2014 | $8,597 | $439,064 | $133,999 | $305,065 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Thomson
Seller's Agent in 2025
Matthew Thomson
Compass
(650) 322-2600
7 in this area
32 Total Sales
-
Bryan Danforth
Seller Co-Listing Agent in 2025
Bryan Danforth
Compass
(650) 274-5227
8 in this area
29 Total Sales
Map
Source: MLSListings
MLS Number: ML81984142
APN: 062-405-090
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