NOT LISTED FOR SALE

880 Cambridge Ave Menlo Park, CA 94025

Downtown Menlo Park Neighborhood

Estimated Value: $2,364,000 - $2,563,127

2 Beds
2 Baths
1,806 Sq Ft
$1,374/Sq Ft Est. Value

Last Sold February 08, 2024

Last sale price $2,275,000 $1,260 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $13,589/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Forced Air Heating System
  • Oak Knoll Elementary School Rated A
  • 1 Car Attached Garage
  • Washer and Dryer

About This Home

As of February 2024

Be just blocks to shops, restaurants, and cafes on Santa Cruz Avenue from this great duplex in the heart of Allied Arts. Options abound use as an investment property with two rentals, live in one and rent the other one, use both for a multi-generational family, or consider an option for potential redevelopment. Each unit has one bedroom and one bath, and they are mirror images of one another. One unit has undergone a complete remodel with in-unit laundry plus refinished hardwood flooring, kitchen, and bath. Additionally, each unit has its own one-car garage with outside entrance, along with a private rear yard for fresh-air living. Positioned with central convenience to downtown Menlo Park, this location also offers blocks away convenience from Stanford Shopping Center and has access to excellent Menlo Park schools.

Last Agent to Sell the Property

Dean Asborno

Compass License #01274816 Listed on: 11/07/2023

Compass

Last Buyer's Agent

Dean Asborno

Compass License #01274816 Listed on: 11/07/2023

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,205

Year Built

  • 1937

Lot Details

  • 5,545 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,806 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $60,291

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,300
  • Insurance Expense $1,824
  • Maintenance Expense $2,475
  • Manager Expense $4,500
  • Utility Expense $1,623
  • Operating Expense $18,429
  • Gross Income $60,291

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,205

Year Built

1937

Lot Details

0

Parking

1

Listing Details

  • Zoning: R10008
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1806
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave
  • Living Sq Ft: 1806
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas, Floor Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1273
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5544.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5544.00

Rental Info

  • Gross Rent Multiplier: 39.77
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1824
  • Expense Landscape: 1300
  • Expense Maintenance: 2475
  • Expense Management: 4500
  • Expenses Total: 18429
  • Expenses Utility: 1623
  • Income Annual Gross: 60291.00
  • Income Annual Rental: 60291
  • Income Gross Scheduled: 60291
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2023
Closed on
Jan 23, 2024
Sold by
Cambridge Avenue Llc
Bought by
Chen Victor Y and Ye Chelsea
Seller's Agent
Dean Asborno
Compass
Buyer's Agent
Dean Asborno
Compass
List Price
$2,398,000
Sold Price
$2,275,000
Premium/Discount to List
-$123,000
-5.13%
Views
35
Current Estimated Value
$2,481,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,532
Avg. Annual Appreciation
5.18%
Original Mortgage
$1,820,000
Outstanding Balance
$1,779,988
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$701,544

Purchase Details

Closed on
Mar 11, 2003
Sold by
Bonora Anthony C and Bonora Francine M
Bought by
Cambridge Avenue Llc
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Chen Victor Y $2,275,000 Chicago Title Company
Cambridge Avenue Llc -- --
Bonora Janice Irma -- --
Bonora Anthony C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Victor Y $1,820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2024 02/08/24 Sold $2,275,000 -5.1% $1,260 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
12/04/2023 12/04/23 For Sale $2,398,000 0.0% $1,328 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
11/07/2023 11/07/23 For Sale $2,398,000 -- $1,328 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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 $7,205 $2,320,500 $1,346,400 $974,100
2023 $7,205 $250,759 $192,081 $58,678
2022 $6,869 $245,843 $188,315 $57,528
2021 $6,546 $241,023 $184,623 $56,400
2020 $6,427 $238,552 $182,730 $55,822
2019 $6,283 $233,876 $179,148 $54,728
2018 $6,061 $229,291 $175,636 $53,655
2017 $5,873 $224,796 $172,193 $52,603
2016 $5,547 $220,389 $168,817 $51,572
2015 $5,387 $217,080 $166,282 $50,798
2014 $5,173 $212,828 $163,025 $49,803
Source: Public Records

Agents Affiliated with this Home

  • Dean Asborno

    Seller's Agent in 2024

    Dean Asborno

    Compass

    (650) 255-2147

    1 in this area

    23 Total Sales

    Dean Asborno
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Map

Source: MLSListings

MLS Number: ML81947292

MLSListings

APN: 071-405-200

California San Mateo County Menlo Park 94025 Downtown Menlo Park

880 Cambridge Ave, Menlo Park, CA

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