850 Roble Avenue

Menlo Park, CA 94025

$7,020,000
Price
Beds
12,348 Sq. Ft.
$569 / Sq. Ft.
12,348
Sq. Ft.
$569
per Sq. Ft.

Description

Robles Apartments is an exceptional pride-of-ownership 13-unit multifamily asset located in the thriving city of Menlo Park. Situated on a 13,320 square foot parcel of land, the subject property was originally constructed in 1959 and has a gross building area of 12,348 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans featuring individual water heaters. The subject property also offers tenants convenient amenities such as private parking, carport storage,...Robles Apartments is an exceptional pride-of-ownership 13-unit multifamily asset located in the thriving city of Menlo Park. Situated on a 13,320 square foot parcel of land, the subject property was originally constructed in 1959 and has a gross building area of 12,348 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans featuring individual water heaters. The subject property also offers tenants convenient amenities such as private parking, carport storage, and an on-site laundry facility. The subject property boasts a prime location positioned immediately adjacent to Downtown Menlo Park. This vibrant area offers an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. With its excellent walk and bike score, Robles Apartments provides convenient access to prestigious educational institutions such as Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. The subject property also offers convenient access to regional lifestyle and employment centers of San Jose and San Francisco through its strategic peninsula location.
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 850 Roble Avenue

MLS City Name
MENLO PARK
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute
LISTING UPDATED: 04/27/2024 12:20 AM

Property Details for 850 Roble Avenue

StatusActive
MLS #ML81962444
Days on Compass14
Taxes$97,665 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.31 AC / 13,320 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute

Building Information for 850 Roble Avenue

Stories-Residences-Year Built1959Building Size-Lot Size0.31 AC / 13,320 SF

Payment Calculator

$46,450 per month

30 year fixed, 7.25% Interest

Principal and Interest

$38,311

Property Taxes

$8,139

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 850 Roble Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 12348
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: No Heating
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 13
Garage
  • Garage and Parking: Carport, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 13
  • Area Text: Allied Arts / Downtown
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 850
  • Street Name: Roble
  • Street Suffix: Avenue
  • Area ID: 304
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 12348
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 071-311-120
  • 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
  • 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: 13
General Information
  • Annual Tax Amount: $97,665
  • Capitalization Rate: 3.30
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $13,270
  • Expense Landscape: $7,920
  • Expense Maintenance: $6,500
  • Expense Management: $13,705
  • Expense Trash: $8,535
  • Expenses Other: $4,991
  • Expenses Utility: $7,163
  • Expenses Total: $159,749
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 17.40
  • Income Annual Gross: $391,453
  • Income Annual Rental: $399,660
  • Income Gross Scheduled: $403,560
  • Income Other: $3,900
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1

Property History for 850 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 850 Roble Avenue

Taxable ValueLand$771,482Additions$1,778,358Total$2,549,840
Tax Record2023$46,592 ($3,883 / month)
Home Facts
Baths1Total Finished SqFt12,348 SqFtAbove Grade Finished SqFt12,348 SqFtStories2Lot Size13,320 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR30000CountySAN MATEOAPN071-311-120

Schools near 850 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.

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850 Roble Avenue is a multi-family home for sale in Menlo Park, CA 94025. This property was listed for sale on April 22, 2024 by Marcus & Millichap, it's currently listed at $7,020,000. 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. 850 Roble Avenue is a 0-bed, 0-bath, 12,348 sqft multi-family home built in 1959.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

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.