NOT LISTED FOR SALE

3157 Alma St Palo Alto, CA 94306

South of Midtown Neighborhood
4 Beds
-- Bath
1,800 Sq Ft
6,098 Sq Ft Lot

Last Sold December 17, 2013

Last sale price $1,110,000 $617 Per Sq Ft

10 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 1-Story Property
  • El Carmelo Elementary School Rated A+
  • Heating System Uses Gas

About This Home

As of December 2013

Rare Duplex in Palo Alto with Palo Alto schools. Recent renovation of back unit. Live in one and rent the other or great investment opportunity. Close to California Avenue restaurants and shopping and close to Cal train. Easy access to 101 and 280 freeways via Page Mill. Offers due November 20, 2013 by 3:00 pm.

Last Agent to Sell the Property

Sam Arsan

Arsan Realty License #00932410 Listed on: 11/11/2013

Last Buyer's Agent

Sam Arsan

Arsan Realty License #00932410 Listed on: 11/11/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 6,098

Parking

  • Private Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Ceiling Insulation
  • Shingle Roof

Interior Spaces

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

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Gas
  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $46,200

Community Details

Overview

  • 1,800 Sq Ft Building

Building Details

  • Insurance Expense $1,180
  • Operating Expense $10,653
  • Gross Income $46,200

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: RM2
  • Subclass: Duplex
  • Sale Price Per Sq Ft: 616.67
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1800
  • Stories: 1
  • Laundry: 220 Volt Outlet, In Some Units
  • Flooring: Carpet - Area, Tile, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Foundation Pillars
  • Roof: Shingle
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace, Electric, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6250.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6250.00
  • Lot Size Area Min Search: 6250.00
  • Maximum Lot Size: 6250.00

Green Features

  • Energy Features: Ceiling Insulation

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.73

Multi Family

  • Expense Insurance: 1180
  • Expenses Total: 10653
  • Income Annual Gross: 46200.00
  • Income Annual Rental: 46200
  • Income Gross Scheduled: 46200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Fee - Property Tax
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2013 12/17/13 Sold $1,110,000 +5.7% $617 / Sq Ft
11/21/2013 11/21/13 Pending -- -- --
11/11/2013 11/11/13 For Sale $1,050,000 -- $583 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sam Arsan

    Seller's Agent in 2013

    Sam Arsan

    Arsan Realty

    (650) 465-6832

    3 Total Sales

    Sam Arsan
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Map

Source: MLSListings

MLS Number: ML81340729

MLSListings

APN: 132-27-095

California Santa Clara County Palo Alto 94306 South of Midtown

3157 Alma St, Palo Alto, CA

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