NOT LISTED FOR SALE

Estimated Value: $3,018,000 - $5,065,000

8 Beds
6 Baths
5,423 Sq Ft
$743/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $2,200,000 $406 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $24,977/month

10 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Laundry Facilities
  • Encinal Elementary School Rated A
  • Forced Air Heating System

About This Home

As of April 2013

Opportunity to own a quality fourplex in one of Menlo Park's finest rental locations. Excellent unit mix of (1)3BR 2BA (1)2BR 2BA (1)2BR 1BA and (1)1BR 1BA. Lrg and attractive floorplans. 2 units have private patios, 1 unit has a large roof deck. Retrofit double pane windows installed 2011(most windows);Exterior painted 2011;pitched composition shingle roof replaced 2008;carport roof replaced 2011

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 03/25/2013

Last Buyer's Agent

Jenny Teng

Compass License #01023687

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $36,346

Year Built

  • 1956

Lot Details

  • 7,754

Parking

  • Carport

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Oven or Range

Flooring

  • Wood
  • Vinyl

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck

Listing and Financial Details

  • Total Actual Rent $103,200
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $3,072
  • Maintenance Expense $1,370
  • Other Expense $457
  • Utility Expense $382
  • Trash Expense $2,264
  • Operating Expense $37,347
  • Gross Income $100,215

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$36,346

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Age: 57
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum

Exterior Features

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

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Association/Amenities

  • Amenities Miscellaneous: Storage Locker, Storage Area(s)

Schools

  • School District: Sequoia Union High
  • Elementary School: Encinal Elementary
  • Middle School: Hillview Middle
  • High School: Menlo-Atherton High
  • High School: 658
  • Elementary School: 627
  • Middle School: 642

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7800.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7800.00
  • Lot Size Area Min Search: 7800.00
  • Maximum Lot Size: 7800.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.33

Multi Family

  • Expense Insurance: 3072
  • Expense Landscape: 1200
  • Expense Maintenance: 1370
  • Expenses Other: 457
  • Expenses Total: 37347
  • Expenses Utility: 382
  • Expense Trash: 2264
  • Expense Water Sewer: 1144
  • Income Annual Gross: 100215.00
  • Income Annual Rental: 103200
  • Income Gross Scheduled: 103314
  • Income Includes: Laundry, Lease
  • Income Laundry: 114
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 3099
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2014
Sold by
Li Jintang and Jin Daifeng
Bought by
Jin Daifeng
Current Estimated Value
$4,028,074

Purchase Details

Listed on
Mar 25, 2013
Closed on
Apr 11, 2013
Sold by
Church Of Pioneers Foundation
Bought by
Li Jin Tang and Jin Dai Feng
Seller's Agent
Keith Suddjian
Cornish & Carey Commercial
Buyer's Agent
Jenny Teng
Compass
List Price
$2,100,000
Sold Price
$2,200,000
Premium/Discount to List
$100,000
4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.60%

Purchase Details

Listed on
Jul 30, 2012
Closed on
Aug 22, 2012
Sold by
Heider Linda
Bought by
Church Of The Pioneers Foundation
Seller's Agent
David Bergman
Intero Real Estate Services
Buyer's Agent
Keith Suddjian
Cornish & Carey Commercial
List Price
$2,198,000
Sold Price
$1,999,000
Premium/Discount to List
-$199,000
-9.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.01%

Purchase Details

Closed on
Sep 3, 2008
Sold by
Heider Linda
Bought by
Heider Linda

Purchase Details

Closed on
Oct 28, 1994
Sold by
Herris Gretchen H
Bought by
Heider Linda

Purchase Details

Closed on
Apr 21, 1994
Sold by
Herris Gretchen H
Bought by
Herris Gretchen H
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
Jin Daifeng -- None Available
Li Jin Tang $2,200,000 First American Title Company
Church Of The Pioneers Foundation $1,999,000 First American Title Company
Heider Linda -- None Available
Heider Linda -- American Title
Herris Gretchen H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heider Linda $160,000
Previous Owner Heider Linda $31,038
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2013 04/19/13 Sold $2,200,000 +4.8% $406 / Sq Ft
04/04/2013 04/04/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $2,100,000 +5.1% $387 / Sq Ft
09/07/2012 09/07/12 Sold $1,999,000 -9.1% $369 / Sq Ft
08/17/2012 08/17/12 Pending -- -- --
07/30/2012 07/30/12 For Sale $2,198,000 -- $405 / 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 $36,346 $2,709,130 $1,354,565 $1,354,565
2023 $36,346 $2,603,932 $1,301,966 $1,301,966
2022 $34,609 $2,552,876 $1,276,438 $1,276,438
2021 $33,891 $2,502,820 $1,251,410 $1,251,410
2020 $33,625 $2,477,158 $1,238,579 $1,238,579
2019 $33,072 $2,428,588 $1,214,294 $1,214,294
2018 $32,177 $2,380,970 $1,190,485 $1,190,485
2017 $31,567 $2,334,286 $1,167,143 $1,167,143
2016 $30,700 $2,288,516 $1,144,258 $1,144,258
2015 $30,265 $2,254,142 $1,127,071 $1,127,071
2014 $29,568 $2,209,988 $1,104,994 $1,104,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81309480

MLSListings

APN: 062-452-040