NOT LISTED FOR SALE
-- Bed
-- Bath
2,156 Sq Ft
7,501 Sq Ft Lot

Last Sold August 29, 2019

Last sale price $2,300,000 $1,067 Per Sq Ft

10 Days on Market

Highlights

  • Washer and Dryer
  • Walter Hays Elementary Rated A+
  • 1-Story Property

About This Home

As of August 2019

Location! Location! Location! Triplex Investment Property. Close to Stanford, Palo Alto High School, Oregon Expwy and stores in Palo Alto. Easy excess to 101 & 280.

Last Agent to Sell the Property

Richard Matusich

Richard G. Matusich & Assoc., Inc. License #00358728 Listed on: 07/18/2019

Co-Listed By

Toran Hattori

Richard Matusich & Assoc License #01409523

Last Buyer's Agent

Hao Chu

Silversage Realty Inc License #01963749

Property Details

Home Type

  • Multi-Family

Year Built

  • 1954

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Triplex
  • Wood Frame Construction

Interior Spaces

  • 2,156 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Parking

  • 3 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $87,600

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $600
  • Maintenance Expense $1,200
  • Manager Expense $3,940
  • Other Expense $600
  • Utility Expense $1,778
  • Operating Expense $12,605
  • Gross Income $87,600

Property Details

Home Type

Multi-Family

Year Built

1954

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Triplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2156
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Living Sq Ft: 2156
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Carport, On Street
  • Carport Min: 3

Utilities

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

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 25.68
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 600
  • Expense Landscape: 600
  • Expense Maintenance: 1200
  • Expense Management: 3940
  • Expenses Other: 600
  • Expenses Total: 12605
  • Expenses Utility: 1778
  • Income Annual Gross: 87600.00
  • Income Annual Rental: 87600
  • Income Gross Scheduled: 87600
  • Income Includes: Rents
  • Number Of Buildings: 1

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/29/2019 08/29/19 Sold $2,300,000 +2.2% $1,067 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/18/2019 07/18/19 For Sale $2,250,000 -- $1,044 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81761051

MLSListings

APN: 124-18-047