NOT LISTED FOR SALE

751 Roble Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $3,085,000 - $3,496,000

8 Beds
5 Baths
4,372 Sq Ft
$749/Sq Ft Est. Value

Last Sold June 07, 2024

Last sale price $3,300,000 $755 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $18,441/month

137 Days on Market

Highlights

  • Wood Flooring
  • Tile Countertops
  • Coin Laundry
  • Encinal Elementary School Rated A
  • Forced Air Heating System
  • 4-minute walk to Nealon Park

About This Home

As of June 2024

Beautiful, spacious 4-plex in ideal central Menlo Park location. Near Santa Cruz Avenue with grocery stores, coffee houses, restaurants, retail, transportation, and much more. Building over-looks the front and street. Light and bright with many windows. Beautiful hardwood flooring. Double pane windows. Natural ventilation and light. Each unit is unique. Each is approximately 1000 sq ft +- Two ground floor apartments each with a private porch. One ground floor unit is 2 bed/ 2 bath. All the other units are two bed/ one bath. Some bathrooms have tub and separate stall shower. Upstairs front unit has walls of glass for beautiful views, and wrap around eat-in kitchen. Upstairs back unit has private, large partially covered deck for outdoor enjoyment. 4-car carport. Each unit has a private storage closet in the carport area. Secured laundry room with coin-operated laundry with washer/ dryer shared by 4-plex. Tenant occupied with leases. Fully occupied. Well maintained. ideal flat location near parks, 3 grocery stores, many fine restaurants, retail and shopping, library, transportation, and Menlo Park Cal train station. Wonderful apartment in wonderful location.

Last Agent to Sell the Property

Ken Morgan

Coldwell Banker Realty License #00877457 Listed on: 01/12/2024

Coldwell Banker Realty

Last Buyer's Agent

Dan Ritter

Ritter Associates License #00873502

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 7,588 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

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

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Laminate

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $147,600

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $3,240
  • Insurance Expense $1,883
  • Maintenance Expense $6,853
  • Manager Expense $4,083
  • Other Expense $1,423
  • Utility Expense $2,592
  • Trash Expense $2,026
  • Operating Expense $33,042
  • Gross Income $144,045

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

7,588 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

  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 4372
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1742
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7590.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7590.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 22.22
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1883
  • Expense Landscape: 3240
  • Expense Maintenance: 6853
  • Expense Management: 4083
  • Expenses Other: 1423
  • Expenses Total: 33042
  • Expenses Utility: 2592
  • Expense Trash: 2026
  • Income Annual Gross: 144045.00
  • Income Annual Rental: 147600
  • Income Gross Scheduled: 148500
  • Income Includes: Laundry, Rents
  • Income Other: 900
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Contract Services, Fee - Property Tax, Maintenance, Maintenance - Laundry, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2024
Closed on
Jul 30, 2024
Sold by
Chao David
Bought by
Skysail Holdings Llc
Seller's Agent
Ken Morgan
Coldwell Banker Realty
Buyer's Agent
Dan Ritter
Ritter Associates
List Price
$3,300,000
Sold Price
$3,300,000
Views
77
Current Estimated Value
$3,274,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,641
Avg. Annual Appreciation
-0.43%

Purchase Details

Listed on
Jan 12, 2024
Closed on
May 30, 2024
Sold by
Helena Brandt Trust and Brandt Helena
Bought by
Chao David
Seller's Agent
Ken Morgan
Coldwell Banker Realty
Buyer's Agent
Dan Ritter
Ritter Associates
List Price
$3,300,000
Sold Price
$3,300,000
Views
77
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Skysail Holdings Llc -- None Listed On Document
Chao David $3,300,000 Old Republic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2024 06/07/24 Sold $3,300,000 0.0% $755 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
01/12/2024 01/12/24 For Sale $3,300,000 -- $755 / Sq Ft
Source: MLSListings

Tax History

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 $11,332 $3,366,000 $1,989,000 $1,377,000
2023 $11,332 $365,717 $108,834 $256,883
2022 $10,669 $358,547 $106,700 $251,847
2021 $10,280 $351,517 $104,608 $246,909
2020 $10,096 $347,914 $103,536 $244,378
2019 $9,842 $341,093 $101,506 $239,587
2018 $9,494 $334,406 $99,516 $234,890
2017 $9,185 $327,850 $97,565 $230,285
2016 $8,756 $321,422 $95,652 $225,770
2015 $8,472 $316,595 $94,216 $222,379
2014 $8,082 $310,394 $92,371 $218,023
Source: Public Records

Agents Affiliated with this Home

  • Ken Morgan

    Seller's Agent in 2024

    Ken Morgan

    Coldwell Banker Realty

    (650) 208-3722

    1 in this area

    9 Total Sales

    Ken Morgan
    Section Image
  • Dan Ritter

    Buyer's Agent in 2024

    Dan Ritter

    Ritter Associates

    (408) 482-2121

    1 in this area

    5 Total Sales

    Dan Ritter
    Section Image
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Map

Source: MLSListings

MLS Number: ML81951257

MLSListings

APN: 071-322-130

California San Mateo County Menlo Park 94025 Downtown Menlo Park

751 Roble Ave, Menlo Park, CA

Not Listed for Sale

MultiFamily

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