NOT LISTED FOR SALE

2175 Williams St Palo Alto, CA 94306

6 Beds
4 Baths
3,136 Sq Ft
6,425 Sq Ft Lot

Last Sold April 06, 2021

Last sale price $2,700,000 $861 Per Sq Ft

18 Days on Market

Highlights

  • Balcony
  • Wet Bar
  • Forced Air Heating System
  • Escondido Elementary School Rated A+
  • Walk-In Closet
  • Washer and Dryer

About This Home

As of April 2021

Quality Triplex situated in the highly desirable College Terrace neighborhood of Palo Alto amongst many single family homes approximately 1 block from the Stanford University campus. This is among the best apartment locations in the Bay Area. The unit mix consists of (1) 2 BR 2 BA unit & (2) 2BR 1BA units. Spacious and desirable floor plans. Each unit has a large patio or balcony, hardwood floors, its own central forced air heating system & individual water heater. The 2 BR 2 BA unit is very spacious, has a very large fenced patio, hardwood floors, walk-in closet, wet bar and would be an ideal owner's unit & is being left vacant for Buyer- Rent shown of $3,250 is est. market rent & is not guaranteed as achievable. Close proximity to Stanford University, Stanford Shopping Center, Stanford Hospital, California Avenue Business District & Caltrain Station, Town & Country Village Shopping Center, Downtown Palo Alto & many jobs at the Stanford Research Park. Easy access to Highways 280 & 101

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 02/18/2021

Co-Listed By

Michelle Clark

Cornish & Carey Commercial License #01918902

Last Buyer's Agent

Roxane Chiang

Giant Realty Inc. License #01460544

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 6,425

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 3,136 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Parking

  • 1 Parking Space
  • 3 Carport Spaces
  • Uncovered Parking

Utilities

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

Additional Features

  • Balcony
  • 6,425 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $111,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,371
  • Maintenance Expense $2,775
  • Manager Expense $4,086
  • Other Expense $864
  • Utility Expense $5,387
  • Operating Expense $49,001
  • Gross Income $106,020

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Listing Details

  • Zoning: RMD (NP)
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3136
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Cooktop - Electric, Dishwasher, Garbage Disposal, Oven - Built-In, Refrigerator
  • Living Sq Ft: 3136
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 3

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet, Wet Bar

Schools

  • High School: 327

Lot Info

  • Lot Acres: 0.1475
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6424.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6424.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 25.54
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1371
  • Expense Maintenance: 2775
  • Expense Management: 4086
  • Expenses Other: 864
  • Expenses Total: 49001
  • Expenses Utility: 5387
  • Income Annual Gross: 106020.00
  • Income Annual Rental: 111000
  • Income Gross Scheduled: 111600
  • Income Includes: Laundry, Rents
  • Income Other: 600
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Miscellaneous/Other, Reserve Fund, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 5
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Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2021 04/06/21 Sold $2,700,000 -5.3% $861 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
02/18/2021 02/18/21 For Sale $2,850,000 -- $909 / Sq Ft
Source: MLSListings

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 $34,679 $2,922,564 $2,543,714 $378,850
2024 $34,679 $2,865,260 $2,493,838 $371,422
2023 $34,169 $2,809,080 $2,444,940 $364,140
2022 $33,776 $2,754,000 $2,397,000 $357,000
2021 $13,901 $1,086,234 $651,743 $434,491
2020 $13,624 $1,075,097 $645,061 $430,036
2019 $13,471 $1,054,017 $632,413 $421,604
2018 $13,113 $1,033,351 $620,013 $413,338
2017 $12,883 $1,013,090 $607,856 $405,234
2016 $12,543 $993,227 $595,938 $397,289
2015 $12,417 $978,309 $586,987 $391,322
2014 -- $959,146 $575,489 $383,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81830377

MLSListings

APN: 137-01-048