$3,000,000
$3,195,000
6.1%For more information regarding the value of a property, please contact us for a free consultation.
5,045 SqFt
SOLD DATE : 01/03/2024
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,045 sqft
Price per Sqft $594
MLS Listing ID ML81916464
Sold Date 01/03/24
HOA Y/N No
Year Built 1948
Annual Tax Amount $35,145
Lot Size 0.423 Acres
Acres 0.4234
Property Description
Located in the highly desirable Willows Neighborhood close to downtown Palo Alto, Burgess Recreation Center, Willow Oaks Park, Menalto Shops, schools, commute routes and many top Silicon Valley employers these two duplexes offer endless possibilities. Add value by improving the current units, add footage, combine with 1950 Menalto to create a six unit income producing property on over 28k sq ft lot or consider redevelopment. Financials are pro forma -- based on current market rents, not actual rents. Great unit mix, spacious rooms, separate yards, inside laundry, attached garages, extra parking and served by top rated Menlo Park schools make this a savvy investment.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R20000
Interior
Heating Wall Furnace
Flooring Carpet, Tile, Wood
Fireplace No
Exterior
Garage Spaces 8.0
Garage Description 8.0
View Y/N No
Roof Type Composition,Shingle
Accessibility None
Total Parking Spaces 4
Building
Lot Description Flag Lot, Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Well
Architectural Style Bungalow
Schools
Elementary Schools Laurel
Middle Schools Hillview
High Schools Menlo-Atherton
School District Other
Others
Tax ID 063430110
Financing Conventional
Special Listing Condition Standard
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Bought with Sameer Singh
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