NOT LISTED FOR SALE

1311 College Ave Palo Alto, CA 94306

4 Beds
2 Baths
1,617 Sq Ft
6,037 Sq Ft Lot

Last Sold June 03, 2021

Last sale price $2,960,000 $1,831 Per Sq Ft

6 Days on Market

Highlights

  • 2 Car Attached Garage
  • Double Pane Windows
  • Forced Air Heating and Cooling System
  • Escondido Elementary School Rated A+
  • Laundry Room
  • 3-minute walk to Weisshaar Park

About This Home

As of June 2021

Duplex with two separate updated 2-bedroom, 1-bath houses on a single lot in a prime Palo Alto location. 1 block from Stanford, 1 block from the Stanford Research Park in College Terrace. Updated kitchens and bathrooms, all dual pane windows, forced air heat (one unit has central A/C too), hardwood floors and new paint, recessed lighting, in-unit laundry. 2220 Hanover is currently rented for $3600 with a lease expiring 8/14/2021. 1311 College was previously rented for $4400, but is currently vacant and can be shown with PEAD form and lockbox key code.

Last Agent to Sell the Property

Bryan Danforth

Newmark Cornish & Carey License #01789680 Listed on: 05/17/2021

Newmark Cornish & Carey

Last Buyer's Agent

Alex Wang

Rainmaker Real Estate License #01351503

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 6,037

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,617 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Barbecue Area
  • 6,037 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $91,200

Community Details

Building Details

  • 1 Leased Unit
  • Gardener Expense $2,160
  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Operating Expense $40,034
  • Gross Income $89,376

Additional Features

  • 1,617 Sq Ft Building
  • Courtyard

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Age: 72
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1617
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Appliances - Vary By Unit, Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1617
  • Stories: 1
  • Laundry: Washer / Dryer
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Bbq Area, Courtyard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Escondido Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 313
  • Middle School: 329

Lot Info

  • Lot Acres: 0.1386
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6038.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6038.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr
  • Gross Rent Multiplier: 32.76
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 2160
  • Expense Maintenance: 1500
  • Expenses Total: 40034
  • Income Annual Gross: 89376.00
  • Income Annual Rental: 91200
  • Income Gross Scheduled: 91200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $2,960,000 -0.9% $1,831 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $2,988,000 -- $1,848 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bryan Danforth

    Newmark Cornish & Carey

    Section Image
  • Alex Wang

    Buyer's Agent in 2021

    Alex Wang

    Rainmaker Real Estate

    (650) 800-8840

    181 Total Sales

    Alex Wang
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81844357

MLSListings

APN: 137-05-054

California Santa Clara County Palo Alto 94306

1311 College Ave, Palo Alto, CA

This home is located at 1311 College Ave, Palo Alto, CA 94306 since 17 May 2021. This property was built in 1949. 1311 College Ave is a home located in Santa Clara County with nearby schools including Escondido Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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