NOT LISTED FOR SALE

1643 Woodland Ave East Palo Alto, CA 94303

Estimated Value: $1,574,000 - $1,769,962

4 Beds
4 Baths
2,440 Sq Ft
$696/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,715,000 $703 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $10,876/month

34 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • Menlo-Atherton High School Rated A

About This Home

As of June 2024

Amazing opportunity to own four units West of 101, just South of University Ave on the doorstep of Palo Alto. Four 1x1 units, two with private garages, one with W/D hookups in garage. Three of the four units updated with new flooring, DP windows, kitchens and baths. Strong rents, great residents. Large lot all units have dedicated outdoor space. Amazing opportunity to own a great building in a great location with strong in place rents. Plenty of parking on oversized lot.

Last Agent to Sell the Property

Scott Kilpatrick

Compass License #01271912 Listed on: 05/16/2024

Compass

Last Buyer's Agent

Gloria Chun

RE/MAX Accord License #02084703

RE/MAX Accord

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,413

Year Built

  • 1952

Lot Details

  • 8,420 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • 2 Carport Spaces
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Unassigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,440 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Laminate

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $111,178

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Maintenance Expense $2,000
  • Utility Expense $2,700
  • Trash Expense $5,508
  • Operating Expense $33,280
  • Gross Income $115,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,413

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Age: 72
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2440
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Living Sq Ft: 2440
  • Stories: 1
  • Flooring: Carpet, Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Carport, Off-Street Parking, On Street, Parking Area, Unassigned Spaces, Uncovered Parking
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1933
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8418.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8418.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 14.56
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 33280
  • Expenses Utility: 2700
  • Expense Trash: 5508
  • Income Annual Gross: 115018.00
  • Income Annual Rental: 111178
  • Income Gross Scheduled: 115018
  • Income Other: 3840
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jun 5, 2024
Sold by
Woodland Park Property Owner Llc
Bought by
Feng Shi and Wu Yihan
Seller's Agent
Scott Kilpatrick
Compass
Buyer's Agent
Gloria Chun
RE/MAX Accord
List Price
$1,675,000
Sold Price
$1,715,000
Premium/Discount to List
$40,000
2.39%
Views
24
Current Estimated Value
$1,698,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,009
Avg. Annual Appreciation
-0.80%
Original Mortgage
$1,372,000
Outstanding Balance
$1,361,277
Interest Rate
8.75%
Mortgage Type
New Conventional
Estimated Equity
$337,714

Purchase Details

Closed on
Feb 18, 2016
Sold by
Eqr Woodland Park Limited Partnership
Bought by
Woodland Park Property Owner Llc

Purchase Details

Closed on
Dec 1, 2011
Sold by
Redus Woodland Llc
Bought by
Eqr-Woodland Park Limited Partnership

Purchase Details

Closed on
Mar 2, 2010
Sold by
1643 Woodland Llc
Bought by
Redus Woodland Llc

Purchase Details

Closed on
Jun 13, 2007
Sold by
Hilbers G R and Hilbers Imogene M
Bought by
1643 Woodland Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,001,445
Interest Rate
6.66%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Feng Shi $1,715,000 Chicago Title Company
Woodland Park Property Owner Llc $777,000 First American Title Ins Co
Eqr-Woodland Park Limited Partnership $17,216,000 First American Title Company
Redus Woodland Llc $548,999 First American Title Ins Co
1643 Woodland Llc $1,032,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feng Shi $1,372,000
Previous Owner 1643 Woodland Llc $243,001,445
Previous Owner 1643 Woodland Llc $242,952,461
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $1,715,000 +2.4% $703 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,675,000 -- $686 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $19,413 $1,749,300 $1,224,000 $525,300
2023 $19,413 $1,422,282 $711,141 $711,141
2022 $18,129 $1,394,396 $697,198 $697,198
2021 $17,816 $1,367,056 $683,528 $683,528
2020 $17,634 $1,353,040 $676,520 $676,520
2019 $17,687 $1,326,510 $663,255 $663,255
2018 $17,339 $1,300,500 $650,250 $650,250
2017 $16,805 $1,275,000 $637,500 $637,500
2016 $8,975 $509,298 $254,649 $254,649
2015 $8,879 $501,648 $250,824 $250,824
2014 $8,664 $491,822 $245,911 $245,911
Source: Public Records

Agents Affiliated with this Home

  • Scott Kilpatrick

    Seller's Agent in 2024

    Scott Kilpatrick

    Compass

    (650) 868-0738

    10 in this area

    21 Total Sales

    Scott Kilpatrick
    Section Image
  • Gloria Chun

    Buyer's Agent in 2024

    Gloria Chun

    RE/MAX

    (510) 560-5666

    4 in this area

    205 Total Sales

    Gloria Chun
    Section Image
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Map

Source: MLSListings

MLS Number: ML81966042

MLSListings

APN: 063-481-060

California San Mateo County East Palo Alto 94303

1643 Woodland Ave, East Palo Alto, CA

This home is located at 1643 Woodland Ave, East Palo Alto, CA 94303 since 16 May 2024 and is currently estimated at $1,698,991, approximately $696 per square foot. This property was built in 1952. 1643 Woodland Ave 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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