Property Overview:
880 Roble Ave is a multi-family 4-plex in Menlo Park, CA, built in 1955. The property consists of four 1-bedroom, 1-bathroom units in two 2-unit apartment buildings on a single parcel, totaling 3,472 sq. ft. of living space. Each unit is approximately 868 sq. ft. (buyer to verify). Features include hardwood floors, vaulted open beam ceilings, pitched roofs, and a parking garage. The exterior was re-painted in 2005.
Neighborhood Highlights:
-
Crime Rate:
- Personal crime risk: 8.3% (lower than state average of 11.8%).
- Property crime risk: 9.6% (lower than state average of 10.8%).
-
Schools:
Nearby schools include Hillview Middle, Menlo-Atherton High, Encinal Elementary, and Packard Children’s Hospital/Stanford.- Average SAT score: 1100 (566 Math, 534 English)—higher than state average of 975.
- Access to excellent Menlo Park schools.
-
Job Market:
- 73.9% white-collar jobs, 26.1% blue-collar jobs.
- Unemployment rate: 2.9% (lower than state average of 4.7%).
-
Demographics:
- Community population: 38,986 (10% growth since 2000).
- 59% families with children.
- Largest age group: 35-44 years (16.02%), followed by 45-54 years (14.98%).
-
Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
-
Weather:
- Average temperature: 51.9°F (January), 87.0°F (July).
- Average rainfall: 17.4 inches/year.
- Average snowfall: 0.1 inches/year.
-
Cost of Living:
- Median household income: $107,463.
- Average annual spending: $72,061.
Property Features:
- Four spacious 1-bed, 1-bath units (approx. 868 sq. ft. each).
- Two ground-level units with private yards and no unit above.
- One on-site parking space per unit.
- Shared laundry facility (coin/card operated).
- Well-maintained with recent exterior paint and attractive architectural features (vaulted ceilings, hardwood floors, pitched roofs).
- Central location near Santa Cruz Avenue with grocery stores, coffee houses, restaurants, retail, and transportation.
- Approximately one mile from Stanford University, Stanford Hospital, and Stanford Shopping Center.
Location Benefits:
- Prime Menlo Park location with easy access to Downtown Menlo Park, Palo Alto, Stanford University, and Stanford Shopping Center.
- Excellent walkability to amenities and public transportation.
- Ideal for investors seeking a strong rental market or owner-occupiers desiring a central, convenient address.
- Family-friendly community with top-rated schools and a safe environment.