NOT LISTED FOR SALE

665 Channing Ave Palo Alto, CA 94301

University South Neighborhood
7 Beds
4 Baths
3,270 Sq Ft
5,001 Sq Ft Lot

Last Sold October 15, 2019

Last sale price $3,500,000 $1,070 Per Sq Ft

18 Days on Market

Highlights

  • Wood Flooring
  • Whole House Fan
  • Washer and Dryer
  • Addison Elementary School Rated A+
  • Forced Air Heating System

About This Home

As of October 2019

Rare Opportunity to own investment property in heart of Downtown Palo Alto! Pride of Ownership Units in Prime Location! Turnkey, modern remodeled property with excellent tenant history. Walking distance to University Ave, Stanford University, Cal Train Station, Stanford Mall. All units remodeled in 2015. Hardwood floors, stainless steel appliances, new cabinets and counters. Very practical as turnkey investment property or pragmatic owner/user investment. Live in one unit and collect as much as $9,000 per month toward living expenses. Dedicated parking for each unit. Clean property and reports. Very rare for multi unit to be available in this highly desirable location!

Last Agent to Sell the Property

Scott Poncetta

KW Bay Area Estates License #01497030 Listed on: 06/25/2019

KW Bay Area Estates

Last Buyer's Agent

John Chao

Action Properties License #01314661

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 5,001 Sq Ft Lot

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,270 Sq Ft Home
  • 2-Story Property
  • Whole House Fan
  • Ceiling Fan
  • Wood Flooring
  • Security Lights
  • Washer and Dryer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • No Garage
  • On-Street Parking

Utilities

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

Listing and Financial Details

  • Total Actual Rent $145,140

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,261
  • Insurance Expense $1,623
  • Maintenance Expense $2,400
  • Utility Expense $4,260
  • Operating Expense $53,294
  • Gross Income $143,689

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: RM2
  • Subclass: Triplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3270
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 3270
  • Stories: 2
  • Security: Security Lights
  • Laundry: Washer / Dryer, Washer/Dryer - Some Units
  • Flooring: Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Covered Parking, No Garage, On Street
  • Carport Min: 3

Utilities

  • Cooling System: Ceiling Fan, Whole House / Attic Fan
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 24.11
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1623
  • Expense Landscape: 1261
  • Expense Maintenance: 2400
  • Expenses Total: 53294
  • Expenses Utility: 4260
  • Income Annual Gross: 143689.00
  • Income Annual Rental: 145140
  • Income Gross Scheduled: 145140
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
10/15/2019 10/15/19 Sold $3,500,000 0.0% $1,070 / Sq Ft
07/14/2019 07/14/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $3,500,000 -- $1,070 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Scott Poncetta

    Seller's Agent in 2019

    Scott Poncetta

    KW Bay Area Estates

    (408) 757-1007

    52 Total Sales

    Section Image
  • John Chao

    Buyer's Agent in 2019

    John Chao

    Action Properties

    (650) 279-9288

    12 Total Sales

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81758130

MLSListings

APN: 120-05-016

California Santa Clara County Palo Alto 94301 University South

665 Channing Ave, Palo Alto, CA

This home is located at 665 Channing Ave, Palo Alto, CA 94301 since 25 June 2019. This property was built in 1957. 665 Channing Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes