660 Roble Avenue

Menlo Park, CA 94025

$4,888,888
Price
Beds
Baths
5,220 Sq. Ft.
$937 / Sq. Ft.
5,220
Sq. Ft.
$937
per Sq. Ft.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 660 Roble Avenue, an eight-unit multifamily property in Menlo Park. This is a tremendous opportunity for an investor to acquire a property not just in the heart of the Silicon Valley but also one of the most affluent communities in the United States. 660 Roble Avenue is an eight-unit multifamily property located in one of the most desired areas of Menlo Park. The property sits on a 0.2 acre lot. Among the amenities are on-site laundry,...Marcus & Millichap is pleased to present the opportunity to acquire 660 Roble Avenue, an eight-unit multifamily property in Menlo Park. This is a tremendous opportunity for an investor to acquire a property not just in the heart of the Silicon Valley but also one of the most affluent communities in the United States. 660 Roble Avenue is an eight-unit multifamily property located in one of the most desired areas of Menlo Park. The property sits on a 0.2 acre lot. Among the amenities are on-site laundry, individual carports for each unit along with ample street parking. Its location is one of the most desired in Menlo Park, making it highly coveted by tenants. Downtown Menlo Park is a few blocks away with over 50 shops, restaurants, and services that include Draegers Market, Walgreens, and Amicis East Coast Pizzeria. Residents are also a short drive away from Stanford Mall and Downtown Palo Alto. Residents have easy access to El Camino Real, which offers a direct route to most major cities in the South Bay and the Peninsula. Menlo Park is a sought-after destination for investors and residents. Its also one of the most valued cities with the average median home price being over $3.2M (as of June 2024).
  1. Listed by Michael Henshaw • DRE #01134592 • Brokerage DRE #01240999 • Marcus & Millichap • 650-269-6453

Property Details for 660 Roble Avenue

MLS City Name
MENLO PARK
Building Type
Other
Garage Spaces
0
Parking Spaces
0
Cross Street
El Camino Real
LISTING UPDATED: 02/02/2025 04:25 PM

Property Details for 660 Roble Avenue

StatusActive
MLS #ML81985430
Days on Compass115
Taxes$53,308 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1956
Lot Size0.20 AC / 8,550 SF
CountySan Mateo County

Building Information for 660 Roble Avenue

Stories-Residences-Year Built1956Building Size-Lot Size0.20 AC / 8,550 SF

Property Information for 660 Roble Avenue

Features
Room Information
  • Additional Rooms: Laundry Room, Other
  • Kitchen: Cooktop - Electric, Countertop - Granite, Countertop - Other, Countertop - Tile, Oven - Electric, Refrigerator, Other
Features
  • Amenities: Other
  • Communications: Other
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum, Other
  • Laundry: Coin Operated
  • Living SqFt: 5220
  • Pool: No
  • Security Features: Video / Audio System, Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Gas
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas, Separate Other
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities, Other
  • Water: Public
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Amenities: Other
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Allied Arts / Downtown
  • Roof: Composition, Flat / Low Pitch, Shingle, Other
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 660
  • Street Name: Roble
  • Street Suffix: Avenue
  • Area ID: 304
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5220
  • Structure SqFt Source: Assessor
  • Age: 68
Development Information
  • Construction Type: Concrete, Wood, Wood Frame, Other
  • Ownership Type: Partnership
  • Zoning Detail: R30000
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 071-331-120
  • County Name: San Mateo
  • City Name: MENLO PARK
  • City Postal ID: 33
  • Postal Code: 94025
  • Elementary School District: 931
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Perimeter, Wood Frame, Other
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $53,308
  • Capitalization Rate: 2.97
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Other
  • Income Includes: Rents, Other
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,907
  • Expense Landscape: $1,200
  • Expense Maintenance: $8,000
  • Expense Management: $0
  • Expense Trash: $3,711
  • Expenses Other: $1,793
  • Expenses Utility: $7,500
  • Expenses Total: $79,419
  • Operating Expenses Include: Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Water, Vacancy Factor, Other
  • Gross Rent Multiplier: 21.35
  • Income Annual Gross: $224,440
  • Income Annual Rental: $229,020
  • Income Gross Scheduled: $229,020
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2

Property History for 660 Roble Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 660 Roble Avenue

Taxable ValueLand$974,440Additions$860,544Total$1,834,984
Tax Record2024$32,781 ($2,732 / month)
Home Facts
Baths8Total Finished SqFt5,220 SqFtAbove Grade Finished SqFt5,220 SqFtStories2Lot Size8,550 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningR30000CountySAN MATEOAPN071-331-120

Schools near 660 Roble Avenue

This home is within Menlo Park City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Encinal Elementary School
PublicK to 5

Hillview Middle School
Public6 to 8

Menlo-Atherton High School
Public9 to 12

Everest Public High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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660 Roble Avenue is for sale in Menlo Park, CA 94025. This property was listed for sale on October 31, 2024 by Marcus & Millichap, it's currently listed at $4,888,888. It has been on the market for a total of 115 days and was last sold on December 4, 2009. This listing's school districts are Menlo Park City Elementary School District, Sequoia Union High School District. Nearby schools include Encinal Elementary School, Hillview Middle School and Menlo-Atherton High School. 660 Roble Avenue is a 0-bed, 0-bath, 5,220 sqft built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Michael Henshaw, DRE #01134592

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.