NOT LISTED FOR SALE

612 Cambridge Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $2,430,000 - $2,987,000

5 Beds
4 Baths
2,624 Sq Ft
$1,059/Sq Ft Est. Value

Sale Details

Date Sold: August 24, 2015

Last sale price $2,350,000 $896 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $17,714 / mo

30 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • Coin Laundry
  • Oak Knoll Elementary School Rated A
  • Tile Countertops
  • Fenced

About This Home

As of August 2015

Well located Menlo Park 4-Plex owned by same family since 1960s. Must be sold with commercial listing #81469735 as there are three separate parcels to be held for income or future development. Prime corner of El Camino Real and Cambridge across from Stanford Park Hotel. One 2/1 and three 1/1s with separate non-permitted studio. Combined property value is $6,500,000. Adjacent commercial building is 100% occupied with triple net income of $267,804 per year.

Last Agent to Sell the Property

Pam Allison

Forbes Real Estate License #00350167 Listed on: 06/10/2015

Last Buyer's Agent

Roxane Chiang

Giant Realty Inc. License #01460544

Property Details

Home Type

  • Multi-Family

Year Built

  • 1917

Lot Details

  • 7,884 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

Home Design

  • Quadruplex
  • Cottage
  • Reinforced Concrete Foundation
  • Tar and Gravel Roof
  • Masonry

Interior Spaces

  • 2,624 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • Lighted Parking
  • Assigned Parking

Outdoor Features

  • Barbecue Area

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $121,620

Community Details

Building Details

  • 4 Leased Units
  • Gardener Expense $2,198
  • Insurance Expense $2,310
  • Maintenance Expense $7,891
  • Utility Expense $1,996
  • Trash Expense $1,662
  • Operating Expense $25,513
  • Gross Income $119,589

Additional Features

  • 2,624 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1917

Lot Details

7,884 Sq Ft Lot

Listing Details

  • Zoning: R20000
  • Subclass: Fourplex
  • Style: Cottage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2624
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Kitchen: Countertop - Tile, Oven Range, Refrigerator
  • Living Sq Ft: 2624
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Reinforced Concrete
  • Roof: Tar And Gravel
  • Yard/Grounds: Back Yard, Bbq Area, Fenced, Sprinklers - Auto, Sprinklers - Lawn
  • Construction Type: Masonry

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Lighted Parking Area

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1810
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7865.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7865.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 19.67
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2310
  • Expense Landscape: 2198
  • Expense Maintenance: 7891
  • Expenses Total: 25513
  • Expenses Utility: 1996
  • Expense Trash: 1662
  • Income Annual Gross: 119589.00
  • Income Annual Rental: 121620
  • Income Gross Scheduled: 122030
  • Income Includes: Laundry, Rents
  • Income Other: 410
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Bought by
Current Estimated Value
$2,778,667

Purchase Details

Closed on
Feb 28, 2024
Sold by
Bought by

Purchase Details

Closed on
Feb 19, 2015
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 1996
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$5,600,000 Chicago Title Company
$7,397,000 Lawyers Title
$6,950,000 Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $3,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/24/2015 08/24/15 Sold $2,350,000 -2.1% $896 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $2,400,000 -- $915 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $31,402 $2,247,264 $2,236,860 $10,404
2023 $31,402 $2,160,000 $2,150,000 $10,000
2022 $35,334 $2,621,466 $2,141,794 $479,672
2021 $34,606 $2,570,066 $2,099,799 $470,267
2020 $34,338 $2,543,714 $2,078,269 $465,445
2019 $33,776 $2,493,838 $2,037,519 $456,319
2018 $25,568 $1,794,689 $1,665,680 $129,009
2017 $25,053 $1,759,500 $1,633,020 $126,480
2016 $24,366 $1,725,000 $1,601,000 $124,000
2015 $10,065 $455,647 $136,686 $318,961
2014 $9,653 $446,722 $134,009 $312,713
Source: Public Records

Agents Affiliated with this Home

  • Pam Allison

    Seller's Agent in 2015

    Pam Allison

    Forbes Real Estate

    (408) 309-9195

    Pam Allison
    Section Image
  • Roxane Chiang

    Buyer's Agent in 2015

    Roxane Chiang

    Giant Realty Inc.

    (408) 988-0888

    2 in this area

    39 Total Sales

    Roxane Chiang
    Section Image

  • R

    Buyer Co-Listing Agent in 2015

    Rita del Campo

    Inactive Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81469737

MLSListings

APN: 071-413-380

California San Mateo County Menlo Park 94025 Downtown Menlo Park

612 Cambridge Ave, Menlo Park, CA

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