NOT LISTED FOR SALE

729 Roble Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $3,382,000 - $5,549,485

8 Beds
5 Baths
4,372 Sq Ft
$1,012/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2017

Last sale price $4,300,000 $984 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $29,277 / mo

31 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Encinal Elementary School Rated A
  • Washer and Dryer

About This Home

As of August 2017

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.

Last Agent to Sell the Property

Adam Levin

Marcus & Millichap License #01462752 Listed on: 05/25/2017

Last Buyer's Agent

Young Jacob

Intero Real Estate Services License #01274983

Intero Real Estate Services

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 7,449 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,372 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $249,600

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,408
  • Maintenance Expense $2,000
  • Other Expense $325
  • Utility Expense $5,477
  • Trash Expense $1,948
  • Operating Expense $66,637
  • Gross Income $249,600

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

7,449 Sq Ft Lot

Listing Details

  • Zoning: R30000
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4372
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Living Sq Ft: 4372
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1710
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7452.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7452.00

Rental Info

  • Existing Lease Term(s): 2 Years Lease
  • Gross Rent Multiplier: 17.95
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1408
  • Expense Landscape: 600
  • Expense Maintenance: 2000
  • Expenses Other: 325
  • Expenses Total: 66637
  • Expenses Utility: 5477
  • Expense Trash: 1948
  • Income Annual Gross: 249600.00
  • Income Annual Rental: 249600
  • Income Gross Scheduled: 249600
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Aug 25, 2017
Sold by
Bought by
Seller's Agent
Adam Levin
Marcus & Millichap
Buyer's Agent
Young Jacob
Intero Real Estate Services
List Price
$4,480,000
Sold Price
$4,300,000
Premium/Discount to List
-$180,000
-4.02%
Current Estimated Value
$4,425,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,495
Avg. Annual Appreciation
0.32%
Original Mortgage
$2,000,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2017
Closed on
Aug 15, 2017
Sold by
Bought by
Seller's Agent
Adam Levin
Marcus & Millichap
Buyer's Agent
Young Jacob
Intero Real Estate Services
List Price
$4,480,000
Sold Price
$4,300,000
Premium/Discount to List
-$180,000
-4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2013
Closed on
Dec 19, 2013
Sold by
Bought by
Seller's Agent
Michael Shields
SiliconValley MultiFamilyGroup
Buyer's Agent
Michael Shields
SiliconValley MultiFamilyGroup
List Price
$2,175,000
Sold Price
$2,530,000
Premium/Discount to List
$355,000
16.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.46%
Original Mortgage
$2,457,000
Interest Rate
4.17%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 22, 1999
Sold by
Bought by

Purchase Details

Closed on
Dec 17, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Menlo Park, CA

  • Ayelet Gingold Real Estate Agent - Agam Real Estate

    Ayelet Gingold

    Agam Real Estate

    (669) 202-4727

    93 Total Sales

    1 in Downtown Menlo Park

    $2,200,000 Price

    Ayelet Gingold
     Section Image
  • Carrie Davis Real Estate Agent - Coldwell Banker Realty

    Carrie Davis

    Coldwell Banker Realty

    (650) 744-0360

    60 Total Sales

    1 in Downtown Menlo Park

    $2,250,000 Price

    Carrie Davis
     Section Image
  • Lynn North Real Estate Agent - The Agency

    Lynn North

    The Agency

    (650) 747-8423

    44 Total Sales

    1 in Downtown Menlo Park

    $2,125,000 Price

    Lynn North
     Section Image
  • Dan Hunnicutt Real Estate Agent - eXp Realty of Northern California, Inc.

    Dan Hunnicutt

    eXp Realty of Northern California, Inc.

    (650) 562-8757

    21 Total Sales

    1 in Downtown Menlo Park

    $1,495,000 Price

    Dan Hunnicutt
     Section Image
  • Emma Elfving Real Estate Agent - Compass

    Emma Elfving

    Compass

    (650) 525-2423

    90 Total Sales

    1 in Downtown Menlo Park

    $2,600,000 Price

    Emma Elfving
     Section Image
  • Matt Aragoni Real Estate Agent - Coldwell Banker Realty

    Matt Aragoni

    Coldwell Banker Realty

    (650) 870-2773

    76 Total Sales

    1 in Downtown Menlo Park

    $6,500,000 Price

    Matt Aragoni
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$4,300,000 Old Republic Title Company
$2,530,000 Chicago Title Company
-- None Available
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Open $1,898,000
Previous Owner $2,000,000
Previous Owner $2,457,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2017 08/31/17 Sold $4,300,000 -4.0% $984 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $4,480,000 +77.1% $1,025 / Sq Ft
12/23/2013 12/23/13 Sold $2,530,000 +16.3% $579 / Sq Ft View Prior Sale
12/11/2013 12/11/13 Pending -- -- --
11/11/2013 11/11/13 For Sale $2,175,000 -- $497 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $59,433 $4,892,662 $2,275,657 $2,617,005
2023 $59,433 $4,702,677 $2,187,292 $2,515,385
2022 $56,710 $4,610,468 $2,144,404 $2,466,064
2021 $55,693 $4,520,067 $2,102,357 $2,417,710
2020 $6,254 $4,473,720 $2,080,800 $2,392,920
2019 $6,049 $4,386,000 $2,040,000 $2,346,000
2018 $5,803 $4,300,000 $2,000,000 $2,300,000
2017 $35,182 $2,672,298 $2,112,490 $559,808
2016 $34,245 $2,619,901 $2,071,069 $548,832
2015 $33,791 $2,580,549 $2,039,960 $540,589
2014 $33,042 $2,530,000 $2,000,000 $530,000
Source: Public Records

Agents Affiliated with this Home

  • Adam Levin Real Estate Agent - Marcus & Millichap

    Seller's Agent in 2017

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    1 in this area

    84 Total Sales

    Adam Levin
    Section Image

  • Y

    Buyer's Agent in 2017

    Young Jacob

    Intero Real Estate Services

    Section Image
  • Michael Shields Real Estate Agent - SiliconValley MultiFamilyGroup

    Seller's Agent in 2013

    Michael Shields

    SiliconValley MultiFamilyGroup

    (408) 356-1900

    43 Total Sales

    Michael Shields
    Section Image
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Map

Source: MLSListings

MLS Number: ML81653200

MLSListings

APN: 071-322-140

California San Mateo County Menlo Park 94025 Downtown Menlo Park

729 Roble Ave, Menlo Park, CA

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