NOT LISTED FOR SALE

3195 Alma St Palo Alto, CA 94306

South of Midtown Neighborhood
4 Beds
3 Baths
1,869 Sq Ft
6,882 Sq Ft Lot

Last Sold June 22, 2016

Last sale price $1,595,000 $853 Per Sq Ft

36 Days on Market

Highlights

  • Vaulted Ceiling
  • Wood Flooring
  • Balcony
  • El Carmelo Elementary School Rated A+
  • Beamed Ceilings
  • 3 Car Detached Garage

About This Home

As of June 2016

This fully remodeled 1 bedroom 1 Bath apartment home next to Downtown and Stanford University has gone through a full remodel. We installed all new electrical, plumping, windows, A/C, Tile floors, kitchen cabinets and new bathrooms. We installed a new front load washer/dryer and custom tile floors throughout the entire apartment. We installed all new CAT 5E and RG6 wiring throughout. We are installing a individual charging station for each unit in the covered parking area!!! We installed a chefs kitchen with the finest appliances and custom built in desk. Our bathrooms have custom glass shower doors and vessel sinks. Stainless steel appliances with a gas stove. This apartment home is on the ground floor with a side private patio. We are located next to many restaurants and cal train . We are offering a beautiful apartment home for $3,195. This unit is ready 07/30/2024

Last Agent to Sell the Property

Michelle Clark

Cornish & Carey Commercial License #01918902 Listed on: 03/23/2016

Co-Listed By

Keith Suddjian

Cornish & Carey Commercial License #00673961

Last Buyer's Agent

Keith Suddjian

Cornish & Carey Commercial License #00673961

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • 6,882

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,869 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 3 Car Detached Garage
  • 3 Carport Spaces
  • Tandem Parking
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Balcony
  • 6,882 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $56,700
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,314
  • Maintenance Expense $2,467
  • Manager Expense $3,281
  • Other Expense $850
  • Utility Expense $1,926
  • Operating Expense $30,125
  • Gross Income $54,999

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: RM-15
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1869
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Countertop - Formica, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1869
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, Detached Garage, Tandem Parking, Uncovered Parking
  • Carport Min: 3

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling, Vaulted Ceiling

Schools

  • High School: 325

Lot Info

  • Lot Acres: 0.1580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6873.77
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6873.77

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 28.13
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1314
  • Expense Landscape: 600
  • Expense Maintenance: 2467
  • Expense Management: 3281
  • Expenses Other: 850
  • Expenses Total: 30125
  • Expenses Utility: 1926
  • Income Annual Gross: 54999.00
  • Income Annual Rental: 56700
  • Income Gross Scheduled: 56700
  • Income Includes: Rents
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Miscellaneous/Other, Reserve Fund, Services - Gardener, Services - Trash Removal, Utilities, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • 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 List to Sale Price per Sq Ft
07/30/2024 07/30/24 For Rent $3,195 +3.2% --
06/17/2022 06/17/22 Price Changed $3,095 +3.3% $5 / Sq Ft
06/15/2022 06/15/22 For Rent $2,995 0.0% --
06/07/2022 06/07/22 For Rent $2,995 0.0% --
05/18/2022 05/18/22 For Rent $2,995 0.0% --
06/22/2016 06/22/16 Sold $1,595,000 -7.8% $853 / Sq Ft
04/29/2016 04/29/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $1,730,000 -- $926 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michelle Clark

    Cornish & Carey Commercial

    Section Image

  • K

    Seller Co-Listing Agent in 2016

    Keith Suddjian

    Cornish & Carey Commercial

    Section Image
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Map

Source: MLSListings

MLS Number: ML81566629

MLSListings

APN: 132-27-104

California Santa Clara County Palo Alto 94306 South of Midtown

3195 Alma St, Palo Alto, CA

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