NOT LISTED FOR SALE
4 Beds
2 Baths
2,399 Sq Ft
7,728 Sq Ft Lot

Last Sold September 11, 2017

Last sale price $2,350,000 $980 Per Sq Ft

9 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Tile Countertops
  • Encinal Elementary School Rated A
  • Tandem Parking
  • Shed

About This Home

As of September 2017

This charming single story duplex is comprised of a 2 Bedroom, 1 Bath unit with large patio & 2 Bedroom, 1 Bath unit with a spacious delightful Sun room and large yard. Each unit has a fireplace, in unit washer & dryer, an individual walled-off 1-Car garage along with a tandem parking space located in front of the garage. Ideal for an owner-occupant or an investor. Kitchens are equipped with a refrigerator, gas over/stove,dishwasher, microwave & garbage disposal.This property is nestled on a tree lined street in the highly desirable Linfield Oaks neighborhood. Desirable Menlo Park Schools. Conveniently located with easy access to Burgess Park (tennis courts & Swimming pools) Menlo Park Caltrain Station, Downtown Menlo Park, Downtown Palo Alto, Facebook Headquarters, Stanford Shopping Center, Stanford University, Stanford Research Park (major employment center), Stanford Research Institute, Highway 101 & El Camino Real. Square footage of units shown approximate only and not guaranteed.

Last Agent to Sell the Property

Keith Suddjian

Cornish & Carey Commercial License #00673961 Listed on: 07/31/2017

Co-Listed By

Michelle Clark

Cornish & Carey Commercial License #01918902

Last Buyer's Agent

Ronda O'Leary

Compass License #01339402

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1952

Lot Details

  • 7,728 Sq Ft Lot
  • Sprinkler System
  • Back Yard

Parking

  • 2 Car Garage
  • Tandem Parking
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Bitumen Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,399 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $92,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,350
  • Insurance Expense $1,359
  • Maintenance Expense $3,407
  • Other Expense $3,011
  • Utility Expense $1,873
  • Operating Expense $40,133
  • Gross Income $89,628

Property Details

Home Type

Multi-Family

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-3-A
  • Subclass: Duplex
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2399
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Countertop - Laminate, Countertop - Tile, Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2399
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Bitumen, Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Sprinklers - Lawn, Storage Shed / Structure

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Tandem Parking, Uncovered Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

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 Acres: 0.1774
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7727.98
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7727.98

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 25.43
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1359
  • Expense Landscape: 1350
  • Expense Maintenance: 3407
  • Expenses Other: 3011
  • Expenses Total: 40133
  • Expenses Utility: 1873
  • Income Annual Gross: 89628.00
  • Income Annual Rental: 92400
  • Income Gross Scheduled: 92400
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Fee - Rent/Lease, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, 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 Change Sq Ft Price
09/11/2017 09/11/17 Sold $2,350,000 0.0% $980 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $2,350,000 -- $980 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81672192

MLSListings