NOT LISTED FOR SALE

2707 Marlborough Ave Redwood City, CA 94063

North Fair Oaks Neighborhood

Estimated Value: $1,340,000 - $1,655,554

3 Beds
3 Baths
1,800 Sq Ft
$860/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,400,000 $778 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,948/month

47 Days on Market

About This Home

As of September 2020

2707 Marlborough Avenue is a stunning triplex located in thriving Redwood City, Ca. Situated on a .13 acre parcel of land, the subject property was originally constructed in 1924 and has a gross building area of approximately 1,800 sq ft, offering its tenants beautifully designed 1-bedroom floorplans. The subject property offers investors the unique opportunity to own a property that is within close proximity to Downtown Redwood City. Considered to be one of the most successful redevelopment efforts in the region, Downtown Redwood City. The investment appeal of this asset is driven by Redwood Citys strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 2707 Marlborough Avenue presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 07/08/2020

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Nima Moridi

Intero Real Estate Services License #01509917

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,232

Year Built

  • 1924

Lot Details

  • 5,824 Sq Ft Lot

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $87,780

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,098
  • Maintenance Expense $1,500
  • Utility Expense $1,670
  • Operating Expense $26,659
  • Gross Income $85,147

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,232

Year Built

1924

Lot Details

0

Listing Details

  • Zoning: R300S5
  • Subclass: Triplex
  • Age: 96
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 1800
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Sequoia Union High

Lot Info

  • Lot Acres: 0.1337
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5824.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5824.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.07
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1098
  • Expense Landscape: 1200
  • Expense Maintenance: 1500
  • Expenses Total: 26659
  • Expenses Utility: 1670
  • Income Annual Gross: 85147.00
  • Income Annual Rental: 87780
  • Income Gross Scheduled: 87780
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Sep 18, 2020
Sold by
Boecam-Marlborough Llc
Bought by
Noori Sam
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Nima Moridi
Intero Real Estate Services
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%
Current Estimated Value
$1,548,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,889
Avg. Annual Appreciation
2.05%
Original Mortgage
$1,050,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 15, 2015
Closed on
Oct 21, 2015
Sold by
Ruder Michael Benjamin
Bought by
Boecam Marlborough Llc
Seller's Agent
Adam Levin
Marcus & Millichap
Buyer's Agent
Zarine Batliwalla
Corcoran Icon Properties
List Price
$998,000
Sold Price
$998,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$698,600
Interest Rate
2.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 26, 2014
Closed on
Apr 23, 2014
Sold by
Torres Alex and Alvarez Marva
Bought by
Ruder Michael Benjamin
Seller's Agent
Ricardo Archila
Access Real Estate Services
Buyer's Agent
Michael Verdone
Economic Concepts
List Price
$625,000
Sold Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.62%
Original Mortgage
$468,750
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2000
Sold by
Principal A C
Bought by
Torres Alex and Alvarez Marva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,200
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 1996
Sold by
Principal Leon and Principal Adrienne C
Bought by
Principal Leon and Principal Adrienne C
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
Noori Sam $1,400,000 Chicago Title
Boecam Marlborough Llc $998,000 Old Republic Title Company
Ruder Michael Benjamin $625,000 First American Title Company
Torres Alex $239,000 Fidelity National Title Co
Principal Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noori Sam $1,037,000
Closed Noori Sam $1,050,000
Previous Owner Boecam Marlborough Llc $698,600
Previous Owner Ruder Michael Benjamin $468,750
Previous Owner Torres Alex $265,000
Previous Owner Torres Alex $191,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $1,400,000 -6.5% $778 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/06/2020 08/06/20 Price Changed $1,498,000 -3.4% $832 / Sq Ft
07/08/2020 07/08/20 For Sale $1,550,000 0.0% $861 / Sq Ft
07/15/2017 07/15/17 Rented $2,400 0.0% --
07/10/2017 07/10/17 For Rent $2,400 0.0% --
10/23/2015 10/23/15 Sold $998,000 0.0% $554 / Sq Ft
10/05/2015 10/05/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $998,000 +59.7% $554 / Sq Ft
04/25/2014 04/25/14 Sold $625,000 0.0% $347 / Sq Ft
04/03/2014 04/03/14 Pending -- -- --
03/26/2014 03/26/14 For Sale $625,000 -- $347 / 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 $21,232 $1,515,402 $1,028,309 $487,093
2023 $21,232 $1,456,560 $988,380 $468,180
2022 $19,784 $1,428,000 $969,000 $459,000
2021 $19,558 $1,400,000 $950,000 $450,000
2020 $16,012 $1,080,265 $972,023 $108,242
2019 $15,782 $1,059,084 $952,964 $106,120
2018 $15,151 $1,038,319 $934,279 $104,040
2017 $14,464 $1,017,960 $915,960 $102,000
2016 $14,049 $998,000 $898,000 $100,000
2015 $9,766 $637,487 $535,489 $101,998
2014 $6,011 $299,646 $209,755 $89,891
Source: Public Records

Agents Affiliated with this Home

  • Robert Johnston

    Seller's Agent in 2020

    Robert Johnston

    Marcus & Millichap

    (510) 304-8077

    2 in this area

    137 Total Sales

    Robert Johnston
    Section Image
  • Adam Levin

    Seller Co-Listing Agent in 2020

    Adam Levin

    Marcus & Millichap

    (650) 391-1782

    1 in this area

    99 Total Sales

    Adam Levin
    Section Image
  • Nima Moridi

    Buyer's Agent in 2020

    Nima Moridi

    Intero Real Estate Services

    (408) 342-3000

    1 in this area

    48 Total Sales

    Nima Moridi
    Section Image

  • T

    Seller's Agent in 2017

    Traci Hornbaker

    Compass

    Section Image
  • Zarine Batliwalla

    Buyer's Agent in 2015

    Zarine Batliwalla

    Corcoran Icon Properties

    (650) 345-5626

    7 Total Sales

    Zarine Batliwalla
    Section Image

  • R

    Seller's Agent in 2014

    Ricardo Archila

    Access Real Estate Services

    Section Image
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Map

Source: MLSListings

MLS Number: ML81800148

MLSListings

APN: 054-274-250

California San Mateo County Redwood City 94063 North Fair Oaks

2707 Marlborough Ave, Redwood City, CA

This home is located at 2707 Marlborough Ave, Redwood City, CA 94063 since 08 July 2020 and is currently estimated at $1,548,889, approximately $860 per square foot. This property was built in 1924. 2707 Marlborough Ave is a home located in San Mateo County with nearby schools including Garfield Elementary School, John F. Kennedy Middle School, and Woodside High School.

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