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568-586 Glenwood Ave 6 Unit Apartment Building $10,197,187 CAD ($1,699,531 CAD/Unit) Menlo Park, CA 94025
INVESTMENT HIGHLIGHTS
- First floor commercial - 3,458 SF | Second floor residential - 7,663 SF
- 100% vacant - renovation upside.
- 1/4 mile from Menlo Park Caltrain.
- Flexible land use permits a wide range of uses.
EXECUTIVE SUMMARY
CBRE is pleased to offer to qualified investors the opportunity to acquire 568 Glenwood Avenue, Menlo Park, California (“The Property”), an +/-11,121 sq. ft. mixed-use investment property located in the heart of downtown Menlo Park. The Property is comprised of +/-3,458 sq. ft. of ground-floor commercial space and six luxurious three-bedroom, two-bath residential units on the second floor. Built in 1999, the Property features ample parking with 29 surface stalls located in a secure gated garage and offers separate entrances for the commercial and residential spaces.
The six residential units offer impressively large floorplans averaging 1,277 sq. ft. and feature above-standard 9+ foot ceiling heights, skylights, fireplaces, walk-in closets, large bathrooms and expansive private patios. The ground-floor commercial space offers an open concept layout with multiple entrances leading to downtown Menlo Park.
The A+ location offers future tenants immediate access to downtown Menlo Park restaurants, shopping and amenities, as well as the Menlo Park Caltrain Station. The Property is located adjacent to the transformative Springline mixed-use development with features market-leading residential rental rates.
The six residential units offer impressively large floorplans averaging 1,277 sq. ft. and feature above-standard 9+ foot ceiling heights, skylights, fireplaces, walk-in closets, large bathrooms and expansive private patios. The ground-floor commercial space offers an open concept layout with multiple entrances leading to downtown Menlo Park.
The A+ location offers future tenants immediate access to downtown Menlo Park restaurants, shopping and amenities, as well as the Menlo Park Caltrain Station. The Property is located adjacent to the transformative Springline mixed-use development with features market-leading residential rental rates.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 061-422-410 | Total Assessment | $13,308,475 CAD |
| Land Assessment | $6,233,532 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $7,074,944 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
061-422-410
Land Assessment
$6,233,532 CAD
Improvements Assessment
$7,074,944 CAD
Total Assessment
$13,308,475 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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568-586 Glenwood Ave
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