Log In/Sign Up
Your email has been sent.
660 Roble Ave 8 Unit Apartment Building $4,788,888 ($598,611/Unit) 3.69% Cap Rate Menlo Park, CA 94025
Investment Highlights
- Outstanding value-add opportunity to invest in an eight-unit multifamily asset with ADU and RUBS potential and excellent occupancy history.
- Well-maintained with many upgrades, including new windows, roofs, softscape and hardscape, patio area, bicycle storage, and driveways.
- 660 Roble Avenue offers tremendous curb appeal, along with desirable studio, one-bed, and two-bed floor plans, on-site storage, and covered parking.
- Easy to access via SR 82, and walkable Menlo Park CalTrain station, both allowing direct travel routes throughout the Peninsula and South Bay.
- Located in Menlo Park, a short drive from Stanford University, Stanford Shopping Center, Downtown Palo Alto, and Stanford Hospital.
- Ideal Silicon Valley positioning, home to numerous globally recognized businesses and financial firms such as Meta, Google, Microsoft, and Tesla.
Executive Summary
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 offering 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.
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, and ample street parking.
The location is one of the most desired in Menlo Park, making 660 Roble Avenue highly coveted by tenants. Downtown Menlo Park is a few blocks away with over 50 shops, restaurants, and services that include 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.
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, and ample street parking.
The location is one of the most desired in Menlo Park, making 660 Roble Avenue highly coveted by tenants. Downtown Menlo Park is a few blocks away with over 50 shops, restaurants, and services that include 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.
Data Room Click Here to Access
Property Facts
| Price | $4,788,888 | Building Class | C |
| Price Per Unit | $598,611 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 5,220 SF |
| Cap Rate | 3.69% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R3 - High Density Residential | ||
| Price | $4,788,888 |
| Price Per Unit | $598,611 |
| Sale Type | Investment |
| Cap Rate | 3.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,220 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | R3 - High Density Residential |
Amenities
Unit Amenities
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 071-331-120 | Improvements Assessment | $877,754 |
| Land Assessment | $993,928 | Total Assessment | $1,871,682 |
Property Taxes
Parcel Number
071-331-120
Land Assessment
$993,928
Improvements Assessment
$877,754
Total Assessment
$1,871,682
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
660 Roble Ave