$2,490,000

Estimated payment $13,611/month

Total Views 26,359
8 Beds
4 Baths
2,630 Sq Ft
$947 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Tile Flooring
  • 1-Story Property
  • Menlo-Atherton High School Rated A
  • Forced Air Heating and Cooling System

About This Home

Four-Bedroom Home with Two Apartments and Stunning Views Welcome to a prime investment opportunity by the Bay! This spacious four-bedroom, two-bath residence not only offers comfortable living but also exceptional income potential with two additional apartments (ADUs), each featuring two bedrooms. Perfectly situated on a corner lot, this property is a gem for investors, complete with separate entrances for the apartments to ensure privacy for both homeowners and renters. Whether you're aiming to generate steady rental income or host Airbnb guests, these fully furnished apartments are ready to go. Picture yourself waking up to stunning views of the San Francisco skyline or the tranquil sights of Mt. Hamilton. Located just steps from the Bay Trail, this home is ideal for outdoor enthusiasts. Key features include a master suite with a private entrance and yard, along with separate private yards for the guest apartments. Don't miss out on this incredible opportunity to invest in a property that not only enhances your lifestyle but also promises significant financial returns.

Listing Agent

Ken Gervais

5A Real Estate License #01038853 Listed on: 09/26/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,630 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Off-Street Parking

Additional Features

  • 8,002 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $250
  • Maintenance Expense $500
  • Other Expense $1,000
  • Utility Expense $500
  • Trash Expense $500
  • Operating Expense $6,750
  • Gross Income $148,200

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: R10006
  • Subclass: Triplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2630
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Cooktop - Electric, Oven - Electric, Oven Range - Built-In
  • Living Sq Ft: 2630
  • Stories: 1
  • Flooring: Tile

Exterior Features

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

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking
  • Carport Min: 2

Utilities

  • Cooling System: Central Ac
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1837
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8000.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 15.96
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 250
  • Expense Maintenance: 500
  • Expenses Other: 1000
  • Expenses Total: 6750
  • Expenses Utility: 500
  • Expense Trash: 500
  • Income Annual Gross: 148200.00
  • Income Annual Rental: 156000
  • Income Gross Scheduled: 156000
  • Meters: Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities
  • Tenant Expenses: Rent Only
  • Vacancy Factor: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,771 $403,182 $201,591 $201,591
2023 $6,771 $387,528 $193,764 $193,764
2022 $6,277 $379,930 $189,965 $189,965
2021 $6,134 $372,482 $186,241 $186,241
2020 $6,010 $368,664 $184,332 $184,332
2019 $5,973 $361,436 $180,718 $180,718
2018 $5,831 $354,350 $177,175 $177,175
2017 $5,611 $347,402 $173,701 $173,701
2016 $5,669 $340,592 $170,296 $170,296
2015 $5,546 $335,476 $167,738 $167,738
2014 $5,390 $328,906 $164,453 $164,453
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 For Sale $2,490,000 0.0% $947 / Sq Ft
09/26/2025 09/26/25 Off Market $2,490,000 -- --
09/26/2024 09/26/24 For Sale $2,490,000 -- $947 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $321,000 Lsi Title Company Ca
Trustee Deed $343,395 Accommodation
Interfamily Deed Transfer -- Ticor Title Company
Interfamily Deed Transfer -- American Title
Interfamily Deed Transfer -- American Title
Interfamily Deed Transfer $83,500 American Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- First American Title Co
Grant Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $348,750 New Conventional
Previous Owner $325,000 Stand Alone First
Previous Owner $166,500 No Value Available
Previous Owner $156,750 No Value Available
Closed $69,750 No Value Available
Source: Public Records

Source: MLSListings

MLS Number: ML81981803

MLSListings

APN: 063-021-010