660 Roble Ave - Apartments FOR SALE


Menlo Park, CA 94025- Downtown Menlo Park
$4,788,888 USD
650-852-1306
660 Roble Ave, Menlo Park, CA for Sale
$4,788,888 USD
Apartments - FOR SALE
1/17
null | 3.49% Cap Rate

660 Roble Ave
Menlo Park, CA 94025
Downtown Menlo Park


HIGHLIGHTS

  • Invest in an eight-unit multifamily property with ADU potential and excellent occupancy history at 660 Roble Avenue.
  • Many upgrades, including new windows, roofs, softscape and hardscape, patio area, bicycle storage, and driveways.
  • Ideal Silicon Valley location, minutes to Downtown Palo Alto and Downtown Menlo Park, Caltrain, and Stanford Shopping Center.
  • Tremendous curb appeal blended with desirable studio, one-bed, and two-bed floor plans, on-site storage, and covered parking.

OVERVIEW

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 Silicon Valley but also in one of the most affluent communities in the United States. The property sits on a 0.2-acre lot and has room for the addition of two accessory dwelling units (ADUs). Among the amenities are on-site laundry, individual carports for each unit, and ample street parking. The apartment complex's location is one of the most desired in Menlo Park, making it highly coveted by tenants. Downtown Menlo Park is just a few blocks away, offering over 50 shops, restaurants, and services, including Draeger’s Market, Walgreens, and Amici’s 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. It’s also one of the most valued cities, with the average median home price exceeding $3.6 million as of June 2025. The price, along with current interest rates and intense competition, places homeownership out of reach for most residents, creating a robust tenant base.

FOR SALE DETAILS

PRICE

$4,788,888 USD

PRICE/SF

$917 USD /SF

# OF UNITS

8

PRICE/UNIT

$598,611

CAP RATE

3.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,551 SF

ZONING

R3

APN/PARCEL ID

071-331-120

ASK ABOUT THIS PROPERTY

Michael HenshawMarcus & MillichapMore Info
650-852-1306

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Michael HenshawMarcus & MillichapMore Info
650-852-1306

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.