NOT LISTED FOR SALE

1014 Madera Ave Menlo Park, CA 94025

Flood Park Neighborhood

Estimated Value: $2,231,627 - $3,102,000

Studio
4 Baths
3,696 Sq Ft
$712/Sq Ft Est. Value

Sale Details

Date Sold: June 22, 2012

Last sale price $975,000 $264 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $17,124 / mo

32 Days on Market

Highlights

  • Laundry Facilities
  • Laurel Elementary School Rated A
  • Carpet

About This Home

As of June 2012

4 unit apartment building in Menlo Park. A great opportunity for an investor getting started into rental units. Assessor records show total of 6 BR's, 4 Baths, 3,696 sq/ft. Two - 2 car, side/side enclosed garages. Large yard area. Very nice setting and features to attract tenants.

Last Agent to Sell the Property

John Gieseker

Prudential California Realty License #00768503 Listed on: 04/20/2012

Prudential California Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 7,710

Parking

  • Covered Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $54,780
  • The owner pays for garbage, water

Community Details

Building Details

  • Operating Expense $13,338
  • Gross Income $54,780

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

7,710 Sq Ft Lot

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Laundry: Community Facility
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6229.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6229.00
  • Lot Size Area Min Search: 6229.00
  • Maximum Lot Size: 6229.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 18.25

Multi Family

  • Expenses Total: 13338
  • Income Annual Gross: 54780.00
  • Income Annual Rental: 54780
  • Income Gross Scheduled: 54780
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Miscellaneous/Other
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2023
Sold by
Satvatmanesh And Nowroozi Family Trust
Bought by
1014 Madera Llc
Current Estimated Value
$2,632,657

Purchase Details

Closed on
Sep 21, 2018
Sold by
Satvatmanesh Shahrokh and Nowroozi Taraneh
Bought by
Satvatmanesh Shahrokh and Nowroozi Tareneh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 3, 2018
Sold by
Blue Steel Real Estate Llc
Bought by
Satvamanash Shahmanesh and Satvamanash Satvamanash

Purchase Details

Listed on
Apr 20, 2012
Closed on
Jun 5, 2012
Sold by
East West Bank
Bought by
Blue Steel Real Estate Llc
Seller's Agent
John Gieseker
Prudential California Realty
List Price
$1,000,000
Sold Price
$975,000
Premium/Discount to List
-$25,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$780,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2012
Sold by
Gee Philip C and Gee Maria E
Bought by
East West Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2003
Sold by
Irizarry James P and Irizarry Linda M
Bought by
Gee Philip C and Gee Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1999
Sold by
Wang Zeit & Nette C Trs
Bought by
Irizarry James P and Irizarry Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.7%
Mortgage Type
Seller Take Back
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
1014 Madera Llc -- Lawyers Title Company
Satvatmanesh Shahrokh -- Stewart Title Of California
Satvamanash Shahmanesh $2,300,000 Lawyers Title Co
Blue Steel Real Estate Llc $975,000 Ticor Title Co
East West Bank $487,916 Servicelink
Gee Philip C $930,000 Old Republic Title Company
Irizarry James P $600,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Satvatmanesh Shahrokh $1,200,000
Previous Owner Blue Steel Real Estate Llc $780,000
Previous Owner Gee Philip C $465,000
Previous Owner Irizarry James P $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2012 06/22/12 Sold $975,000 -2.5% $264 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
04/20/2012 04/20/12 For Sale $1,000,000 -- $271 / 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 $35,347 $2,617,002 $1,649,850 $967,152
2023 $35,347 $2,515,383 $1,585,785 $929,598
2022 $33,653 $2,466,063 $1,554,692 $911,371
2021 $32,947 $2,417,709 $1,524,208 $893,501
2020 $32,685 $2,392,920 $1,508,580 $884,340
2019 $32,143 $2,346,000 $1,479,000 $867,000
2018 $17,782 $1,076,306 $538,153 $538,153
2017 $17,354 $1,055,202 $527,601 $527,601
2016 $16,763 $1,034,512 $517,256 $517,256
2015 $16,422 $1,018,974 $509,487 $509,487
2014 $15,920 $999,014 $499,507 $499,507
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    John Gieseker

    Prudential California Realty

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Map

Source: MLSListings

MLS Number: ML81214694

MLSListings

APN: 062-065-070

California San Mateo County Menlo Park 94025 Flood Park

1014 Madera Ave, Menlo Park, CA

Not Listed for Sale

MultiFamily

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