NOT LISTED FOR SALE

2121 Addison Ave East Palo Alto, CA 94303

Estimated Value: $936,024 - $1,505,000

4 Beds
3 Baths
1,895 Sq Ft
$615/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $918,000 $484 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,573/month

9 Days on Market

Highlights

  • Traditional Architecture
  • Menlo-Atherton High School Rated A
  • Washer and Dryer

About This Home

As of April 2019

Wonderful opportunity to own an investment property in San Mateo County. Buyers value includes: 3 units consisting of one 2 bedroom 1 bath and two 1 bedroom 1 bath units. Conveniently located 1.5 miles to Facebook & Bay Trail, 3.4 miles to Menlo Park CalTrain Station, 4.5 miles to Stanford Campus, 5.1 miles to Google Mountain View, 6.1 miles to Stanford Medicine Redwood City, and much more...

Last Agent to Sell the Property

Robert Pedro

Signature Realty & Mortgage License #01179093 Listed on: 03/01/2019

Last Buyer's Agent

Lily Govea

KW Bay Area Living License #01973016

KW Bay Area Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,281

Year Built

  • 1949

Lot Details

  • 5,001

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,895 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer

Additional Features

  • 5,001 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

Community Details

Overview

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,281

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R30000
  • Subclass: Triplex
  • Style: Traditional
  • Age: 70
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 1895
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Tar And Gravel
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

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

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.95
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Rent Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2025
Sold by
Ambriz Jose Govea and Gaona Nadia Ibet
Bought by
Addison Family Property Llc
Current Estimated Value
$1,165,756

Purchase Details

Listed on
Mar 1, 2019
Closed on
Mar 15, 2019
Sold by
Underhill Jeffrey E and Jeffrey E Underhill Trust
Bought by
Govea Jose and Tapia Nadia Ibet
Seller's Agent
Robert Pedro
Signature Realty & Mortgage
Buyer's Agent
Lily Govea
KW Bay Area Living
List Price
$925,000
Sold Price
$918,000
Premium/Discount to List
-$7,000
-0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.15%
Original Mortgage
$688,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 1995
Sold by
Shrewsbury William
Bought by
Underhill Jeffrey E
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
Addison Family Property Llc -- None Listed On Document
Ambriz Jose Govea -- None Listed On Document
Govea Jose $918,000 Chicago Title Company
Underhill Jeffrey E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Govea Jose $688,500
Previous Owner Underhill Jeffrey E $186,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2019 04/12/19 Sold $918,000 -0.8% $484 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $925,000 -- $488 / 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 $14,281 $1,024,042 $243,181 $780,861
2023 $14,281 $984,279 $233,739 $750,540
2022 $13,264 $964,980 $229,156 $735,824
2021 $13,017 $946,060 $224,663 $721,397
2020 $12,850 $936,360 $222,360 $714,000
2019 $4,497 $165,224 $82,612 $82,612
2018 $4,378 $161,986 $80,993 $80,993
2017 $4,274 $158,810 $79,405 $79,405
2016 $4,419 $155,698 $77,849 $77,849
2015 $4,390 $153,360 $76,680 $76,680
2014 $4,280 $150,356 $75,178 $75,178
Source: Public Records

Agents Affiliated with this Home

  • Robert Pedro

    Seller's Agent in 2019

    Robert Pedro

    Signature Realty & Mortgage

    (415) 722-5510

    57 Total Sales

    Section Image

  • L

    Buyer's Agent in 2019

    Lily Govea

    KW Bay Area Living

    Section Image
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Map

Source: MLSListings

MLS Number: ML81740976

MLSListings

APN: 063-153-240

California San Mateo County East Palo Alto 94303

2121 Addison Ave, East Palo Alto, CA

This home is located at 2121 Addison Ave, East Palo Alto, CA 94303 since 01 March 2019 and is currently estimated at $1,165,756, approximately $615 per square foot. This property was built in 1949. 2121 Addison Ave is a home located in San Mateo County with nearby schools including Menlo-Atherton High School, Aspire East Palo Alto Charter School, and KIPP Valiant Community Prep.

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