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729 Roble Ave, Menlo Park, CA 94025

8 Bed Multi-Family Home For Sale

729 Roble Ave, Menlo Park, CA 94025 House For Sale - MLS #ML81653200
$4,480,000
8
Multi-Family
4 Family
This listing is courtesy of Adam S. Levin from Marcus & Millichap.

Property Description for 729 Roble Ave, Menlo Park, CA 94025

729 Roble Avenue offers an investor a rare opportunity to acquire a prestigious turnkey investment property in the heart of Menlo Park, California. The subject property contains (4) total units comprised of (3) 2-Bedroom/1-Bathroom units and (1) 2-Bedroom/1.5-Bathroom unit, all of which are currently leased at $5,000 per month, increasing to $5,200 on 9/1/2017 and continuing through 8/31/2018. The subject property has recently undergone significant capital improvements in excess of $350,000. Notable improvements include new asphalt shingle roof and gutter system, new double-pane windows, new stucco and roof on carports, new decking, new concrete driveway and side walkway, new weep screed along the building exterior, as well as interior unit renovations to all four units. Tenants benefit from convenient amenities such as in-unit washers and dryers, covered carport parking, and private storage rooms.

Interior Details

4,372 sq. ft.
$1,024.70/sq. ft.
Sewer Connected
Public

Exterior Details

0.17 acres
7,449 sq. ft.
Carport
Concrete Perimeter

Other Details

ML81653200
1956
San Mateo

Units Description

Unit #1
Bedrooms: 2     

Unit #2
Bedrooms: 2     

Unit #3
Bedrooms: 2     

Unit #4
Bedrooms: 2     

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(20%)

Monthly Mortgage Payments

$20,350
$28,342

Town Description

n the nineteenth century two Irish immigrants, Dennis J. Oliver and his brother-in-law D. C. McGlynn, purchased a 1,700-acre (6.9 km2) tract of land on the former Rancho de las Pulgas.[1] In the...

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