Seller's Agent in 2016
David Richards
D A Richards & Associates
(408) 257-5956
4 Total Sales
Studio
--
Bath
1,837
Sq Ft
6,229
Sq Ft Lot
Highlights
- Vaulted Ceiling
- Traditional Architecture
- Fenced
- El Carmelo Elementary School Rated A+
- Detached Garage
- Level Lot
About This Home
As of June 2016This is a rare once in a lifetime find in very desirable Palo Alto. A great owner user or investor opportunity. Current rents are well below market, up side potential to bring all rent to market insomuch as 2 tenants are month to month and the 3rd tenant lease expires 4/20/2016. The units are set back off Alma somewhat mitigating the traffic noise factor. Each unit has a back door to a small patio for a private outdoor space. The vaulted ceilings through out give the units a spacious feel. Close proximity to Stanford University, downtown Palo Alto business area. Via Page Mill Rd and Oregon Expy affords ease of access to 101 Bayshore or 280 freeways which adds to the desirability of this property. 11 min. drive to Google, 22 min. to Apple and 14 min. drive to Facebook. Really near the heart of Silicon Valley.
Last Agent to Sell the Property
D A Richards & Associates License #01099600 Listed on: 12/30/2015
Last Buyer's Agent
Francisco Liong
Real Estate Center License #01798818
Property Details
Home Type
- Multi-Family
Year Built
- 1958
Lot Details
- 6,229 Sq Ft Lot
- Fenced
- Level Lot
- Back Yard
Home Design
- Triplex
- Traditional Architecture
- Raised Foundation
- Wood Frame Construction
- Tar and Gravel Roof
Interior Spaces
- 1,837 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Crawl Space
Kitchen
- Gas Oven
- Formica Countertops
Flooring
- Carpet
- Vinyl
Parking
- Detached Garage
- 3 Carport Spaces
- Assigned Parking
Utilities
- Wall Furnace
Listing and Financial Details
- Total Actual Rent $53,486
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $660
- Insurance Expense $1,994
- Maintenance Expense $600
- Manager Expense $3,860
- Utility Expense $774
- Trash Expense $650
- Operating Expense $12,978
- Gross Income $52,416
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/21/2016 06/21/16 | Sold | $1,731,000 | -10.3% | $942 / Sq Ft |
| 03/09/2016 03/09/16 | Pending | -- | -- | -- |
| 12/30/2015 12/30/15 | For Sale | $1,930,000 | -- | $1,051 / Sq Ft |
Source: MLSListings
Agents Affiliated with this Home
-
David Richards
-
F
Buyer's Agent in 2016
Francisco Liong
Real Estate Center
Source: MLSListings
MLS Number: ML81545680
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