NOT LISTED FOR SALE

1496 W Bayshore Rd East Palo Alto, CA 94303

4 Beds
3 Baths
2,820 Sq Ft
6,534 Sq Ft Lot

Last Sold June 19, 2015

Last sale price $1,323,000 $469 Per Sq Ft

115 Days on Market

Highlights

  • Double Pane Windows
  • Security Service
  • Tile Flooring
  • Menlo-Atherton High School Rated A
  • Storage Room
  • Drought Tolerant Landscaping

About This Home

As of June 2015

Complex located West of 101, two blocks from Four Seasons Hotel and walking distance to Palo Alto border. Total of 6 units-Four 1 Bed/1 Ba, Two Studio Units. Some recent updates include: double paned windows, new heating system in two units, updated kitchen cabinets and countertops in three units. Low Maintenance grounds, each unit has one assigned parking. Upside in rent possible.

Last Agent to Sell the Property

Fabiola Prieto

Wilbur Properties License #01438646 Listed on: 01/27/2015

Last Buyer's Agent

Lei Feng

Intero Real Estate Services License #01365121

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • Drought Tolerant Landscaping
  • Grass Covered Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,820 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Storage Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Home Security

  • Window Bars With Quick Release
  • Security Lights

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Thermostat
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $86,400

Community Details

Overview

Building Details

  • 6 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $1,500
  • Maintenance Expense $440
  • Other Expense $2,400
  • Utility Expense $120
  • Trash Expense $2,400
  • Operating Expense $19,325
  • Gross Income $82,080

Security

  • Security Service

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Listing Details

  • Zoning: Residential Apartment Home
  • Subclass: Multiple Dwellings / Structures
  • Style: Ranch
  • Age: 55
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2820
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2820
  • Stories: 2
  • Security: Security Lights, Security Service, Window Bars With Quick Release
  • Flooring: Carpet, Laminate, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Drought Tolerant Plants, Low Maintenance
  • Construction Type: Brick, Concrete

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Assigned Spaces, Uncovered Parking

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Regular
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6720.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6720.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet, Thermostat Controller

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.63
  • Number Of Leased: 6

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 1000
  • Expense Maintenance: 440
  • Expenses Other: 2400
  • Expenses Total: 19325
  • Expenses Utility: 120
  • Expense Trash: 2400
  • Income Annual Gross: 82080.00
  • Income Annual Rental: 86400
  • Income Gross Scheduled: 86400
  • Meters: Master Water, Separate Common Area
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

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 List to Sale Price per Sq Ft
06/19/2015 06/19/15 Sold $1,323,000 -2.0% $469 / Sq Ft
05/22/2015 05/22/15 Pending -- -- --
01/27/2015 01/27/15 For Sale $1,350,000 -- $479 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2015

    Fabiola Prieto

    Wilbur Properties

  • L

    Buyer's Agent in 2015

    Lei Feng

    Intero Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81448323

MLSListings
California San Mateo County East Palo Alto 94303

1496 W Bayshore Rd, East Palo Alto, CA

This home is located at 1496 W Bayshore Rd, East Palo Alto, CA 94303 since 27 January 2015. This property was built in 1960. 1496 W Bayshore Rd is a home located in San Mateo County with nearby schools including Menlo-Atherton High School, KIPP Valiant Community Prep, and East Palo Alto Academy.

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