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    743 Roble Avenue

    Menlo Park, CA 94025
    • $3,788,000
    • STATUS: Active
    • ON SITE: 219 days
    • ID#: ML81814331
    UPDATED: 50 min ago
    $3,788,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,340
      SQFT
    • $873
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    A rare opportunity for an investor. Prestigious investment property in desirable downtown Menlo Park, California. Four (4) total units. Features two bedrooms and one bath in each unit with either breakfast nook/eat-in-kitchen or a spacious dining area. Set back from the street with mature landscaping, this property is near Facebook, Stanford University, Sand Hill Road, and many other major employers. Desirable Menlo Park schools. Walking distance to shops, restaurants, and parks. As per county records, lot approx. 7452 sq. ft. and building approx. 4340 sq. ft. Units 2 and 3 are deliberately vacant; stated income and CAP rate assumes vacant units are leased at market rates. Reports, disclosures and Offering Memorandum available upon request. Indicated expenses may be subject to change with new owner. Garden courtyard setting.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/110758153
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    743 Roble Avenue Menlo Park, CA 94025

    • Price: $3,788,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: ML81814331
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,340
    SQFT
    $873
    $/SQFT
    1956
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Mateo
    Area:
    699 - Not Defined
    Property Description
    A rare opportunity for an investor. Prestigious investment property in desirable downtown Menlo Park, California. Four (4) total units. Features two bedrooms and one bath in each unit with either breakfast nook/eat-in-kitchen or a spacious dining area. Set back from the street with mature landscaping, this property is near Facebook, Stanford University, Sand Hill Road, and many other major employers. Desirable Menlo Park schools. Walking distance to shops, restaurants, and parks. As per county records, lot approx. 7452 sq. ft. and building approx. 4340 sq. ft. Units 2 and 3 are deliberately vacant; stated income and CAP rate assumes vacant units are leased at market rates. Reports, disclosures and Offering Memorandum available upon request. Indicated expenses may be subject to change with new owner. Garden courtyard setting.
    Exterior Features

    Architectural Style TraditionalPatio Home Carport Spaces 4 Carport YN Yes Exterior Features Barbecue Foundation Details Concrete Perimeter Lot Features Back YardDrip Irrigation/BubblersLevelNear Public TransitPavedStreet Level Parking Features Attached CarportAssignedCarport Parking Total 4 Roof Composition View HillsMountain(S)Panoramic View YN Yes

    Interior Features

    Accessibility Features None Appliances DishwasherExhaust FanDisposalRefrigeratorVented Exhaust Fan Cooling None Cooling YN No Flooring Wood Heating Central Heating YN Yes Interior Features Walk-In PantryWalk-In Closet(S)

    Property Features

    Cap Rate 2.78 Garage YN No Gross Scheduled Income 160344 Insurance Expense 2288 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 200 Possession Close Of Escrow Security Features Security Lights Special Listing Conditions Standard Trash Expense 1200 Zoning R30000

    Listing provided courtesy of Janet Dore/John Spil of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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