267 Curtner Avenue

Palo Alto, CA 94306

$10,100,000
Last Sold Price
Beds
21,595 Sq. Ft.
$468 / Sq. Ft.
21,595
Sq. Ft.
$468
per Sq. Ft.

Description

267 Curtner Ave. represents a rare opportunity to acquire a 26-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. Originally built in 1963, the property is situated on a 34,584 square foot parcel of land with a gross building area of 21,595 square feet. 267 Curtner Ave has an ideal unit mix featuring one (1) 2,300 square foot three-bedroom penthouse, six (6) two-bedrooms, eighteen (18) one-bedrooms, and one (1) studio. The property also offers residents convenient...267 Curtner Ave. represents a rare opportunity to acquire a 26-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. Originally built in 1963, the property is situated on a 34,584 square foot parcel of land with a gross building area of 21,595 square feet. 267 Curtner Ave has an ideal unit mix featuring one (1) 2,300 square foot three-bedroom penthouse, six (6) two-bedrooms, eighteen (18) one-bedrooms, and one (1) studio. The property also offers residents convenient amenities such as covered parking, private pool, and on-site laundry. With a world-class location in the heart of Silicon Valley, 267 Curtner Ave is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 267 Curtner Avenue

MLS City Name
PALO ALTO
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 12/12/2024 02:39 PM

Property Details for 267 Curtner Avenue

StatusSold
MLS #ML81979612
Days on Compass26
Taxes$154,900 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1963
Lot Size0.79 AC / 34,584 SF
CountySanta Clara County

Building Information for 267 Curtner Avenue

Stories-Residences-Year Built1963Building Size-Lot Size0.79 AC / 34,584 SF

Property Information for 267 Curtner Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 21595
  • Pool: Yes
  • Pool Type: Pool - Lap
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 26
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 26
  • Area Text: Midtown
  • Restrictions: None
  • Roof: Wood Shakes / Shingles
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 267
  • Street Name: Curtner
  • Street Suffix: Avenue
  • Area ID: 234
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 21595
  • Structure SqFt Source: Other
  • Age: 61
Development Information
  • Zoning Detail: RM4
Location Information
  • Parcel Number: 132-41-074
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94306
  • Elementary School District: 481
  • High School District Text: Palo Alto Unified
Lot Information
  • Foundation: Wood Frame
  • Lot Acres: .79
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 25
General Information
  • Annual Tax Amount: $154,900
  • Capitalization Rate: 3.69
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $26,994
  • Expense Landscape: $6,065
  • Expense Maintenance: $19,470
  • Expense Management: $31,364
  • Expense Trash: $0
  • Expenses Other: $43,400
  • Expenses Utility: $42,342
  • Expenses Total: $324,535
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Elevator, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 15.41
  • Income Annual Gross: $783,827
  • Income Annual Rental: $799,140
  • Income Gross Scheduled: $808,069
  • Income Other: $8,929
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Rent: $1,995
Unit 2 Information
  • Unit 2 Approx Square Footage: 750
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,200
Unit 3 Information
  • Unit 3 Approx Square Footage: 900
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,000
Unit 4 Information
  • Unit 4 Approx Square Footage: 950
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,100
Unit 5 Information
  • Unit5 Full Baths: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 550

Property History for 267 Curtner Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 267 Curtner Avenue

Taxable ValueLand$1,400,682Additions$1,532,526Total$2,933,208
Tax Record2024$35,906 ($2,992 / month)
Home Facts
Total Finished SqFt21,595 SqFtAbove Grade Finished SqFt21,595 SqFtStories3Lot Size34,584 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningRM4CountySANTA CLARAAPN132-41-074Fireplace TypeHas Fireplace

Schools near 267 Curtner Avenue

This home is within Palo Alto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Barron Park Elementary School
PublicK to 5

Ellen Fletcher Middle
Public6 to 8

Henry M. Gunn High School
Public9 to 12

Herbert Hoover Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059; Marcus & Millichap, Robert Johnston, DRE #01853816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.