NOT LISTED FOR SALE

2705 Alma St Palo Alto, CA 94306

Midtown Palo Alto Neighborhood
6 Beds
-- Bath
2,592 Sq Ft
8,712 Sq Ft Lot

Last Sold July 23, 2013

Last sale price $1,520,000 $586 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • El Carmelo Elementary School Rated A+
  • Laundry Facilities

About This Home

As of July 2013

Address: 2705, 2707, 2709 & 2711 Alma Street. Rare opportunity to own a 4Plex in Palo Alto. Unit mix:(2)1 Bedroom 1 Bath units & (2)2 Bedroom 1 Bath units. Excellent rent upside potential; Double pane windows; highly sought after Palo Alto Schools; Nice open space area behind & to the left of the carports; 2 BR units have a fireplace; hardwood floors evident in 3 units.

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 05/29/2013

Last Buyer's Agent

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 05/29/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 8,712

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,592 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • Carport
  • Uncovered Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $68,640
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, hot water, water

Community Details

Building Details

  • Gardener Expense $1,100
  • Insurance Expense $1,848
  • Maintenance Expense $3,231
  • Manager Expense $4,845
  • Utility Expense $4,675
  • Operating Expense $34,268
  • Gross Income $66,826

Additional Features

  • 2,592 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: RM-15
  • Subclass: Fourplex
  • Age: 56
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Roof, Flood Zone
  • Sale Price Per Sq Ft: 586.42
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2592
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2592
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Parking Features: Uncovered Parking, Carport

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Common

Association/Amenities

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

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8742.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8742.00
  • Lot Size Area Min Search: 8742.00
  • Maximum Lot Size: 8742.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, 1 Year Lease
  • Gross Rent Multiplier: 21.77

Multi Family

  • Expense Insurance: 1848
  • Expense Landscape: 1100
  • Expense Maintenance: 3231
  • Expense Management: 4845
  • Expenses Total: 34268
  • Expenses Utility: 4675
  • Income Annual Gross: 66826.00
  • Income Annual Rental: 68640
  • Income Gross Scheduled: 68893
  • Income Includes: Laundry, Lease
  • Income Laundry: 253
  • 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 Management, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Electric
  • Vacancy Amount: 2067
  • Vacancy Factor: 3

Range of Values:

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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
07/23/2013 07/23/13 Sold $1,520,000 +1.3% $586 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $1,500,000 -- $579 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Keith Suddjian

    Cornish & Carey Commercial

    (650) 688-8514

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Map

Source: MLSListings

MLS Number: ML81318600

MLSListings

APN: 132-25-030

California Santa Clara County Palo Alto 94306 Midtown Palo Alto

2705 Alma St, Palo Alto, CA

This home is located at 2705 Alma St, Palo Alto, CA 94306 since 29 May 2013. This property was built in 1957. 2705 Alma St is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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