660 Roble Avenue, Menlo Park, CA, CA 94025

$4,788,888

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List Price
$4,788,888
Status
ACTIVE
MLS#
ML82035605
County
San Mateo
Zoning
R30000
Year Built
1956
Square Feet
5,220
Lot Size (acres)
0.1963
Days on Market
157
Property Type
Commercial

Property 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, 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 well over $3.4M

Additional Information

Taxes
$52,218
Parcel Number
071331120
Gross Scheduled Income
$262,140
Utilities
Other
Cooling
Yes
Exterior Construction
Other, Concrete
Roof
Composition, Flat, Other, Shingle
Water
Public
School District
Other

Listing courtesy of Listing Agent: Michael Henshaw (mhenshaw@marcusmillichap.com) from Listing Office: Marcus & Millichap.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.