660 Roble Ave — Sale in Menlo Park, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Menlo Park, CA 94025

Photos

660 Roble Ave — Sale in Menlo Park, CA, photo 1 of 3
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Investment Figures

Cap rate
3.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 the Silicon Valley but also 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 along with ample street parking. Its location is one of the most desired in Menlo Park, making it 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 being over $3.2M (as of June 2024). The price along with current interest rates and intense competition places homeownership out of reach for most residents, creating a robust tenant base. ABILITY TO ADD ADDITIONAL ADU UNITS Investment Highlights: • Located in Downtown Menlo Park - ABILITY TO ADD ADDITIONAL ADU UNITS • Upgraded interiors, windows and landscaping- New Roof 2024 and many more recent capital improvements • Excellent upside potential - ABILITY TO ADD ADDITIONAL ADU UNITS

Market Context

This multifamily in Menlo Park, CA is listed for sale. It is offered at an approximate 3.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Menlo Park, CA — view the full market.

As of Q4 2025, the San Francisco Peninsula multifamily market showed a 4.6% vacancy rate, average asking rents near $3300.00/unit/mo, rents up 5.9% year over year, and cap rates around 4.5%. Source: Matthews Q4 2025 market report.

Its 3.7% asking cap rate is below the San Francisco Peninsula multifamily market average of about 4.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in San Francisco Peninsula?
About 4.5% as of Q4 2025, per Matthews.
Is the San Francisco Peninsula multifamily market tightening or softening?
Vacancy is around 4.6%, with asking rents rising year over year (Q4 2025).

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