3820 Park Boulevard

Palo Alto, CA 94306

$12,000,000
Last Sold Price
Beds
23,213 Sq. Ft.
$517 / Sq. Ft.
23,213
Sq. Ft.
$517
per Sq. Ft.

Description

CASA CAROLINA APARTMENTS - 24 UNITS IN PRIME PALO ALTO! First time on the market since being built in 1970. Incredible Unit Mix: (10) 2+2, (6) 2+1, (8) 1+1. Huge oversized units, all with private balcony or patio & yards. Lush landscaping with beautiful courtyard and swimming pool. Gated community with 34 subterranean tuck-under parking spaces and 4 ground-level open spaces. All copper plumbing and all units have dishwashers. 1/3 of the units have been fully renovated, 1/3 of the units have been...CASA CAROLINA APARTMENTS - 24 UNITS IN PRIME PALO ALTO! First time on the market since being built in 1970. Incredible Unit Mix: (10) 2+2, (6) 2+1, (8) 1+1. Huge oversized units, all with private balcony or patio & yards. Lush landscaping with beautiful courtyard and swimming pool. Gated community with 34 subterranean tuck-under parking spaces and 4 ground-level open spaces. All copper plumbing and all units have dishwashers. 1/3 of the units have been fully renovated, 1/3 of the units have been moderately remodeled & 1/3 of the units are original offering significant add-value opportunity with continuing upgrades & increasing rents. On-site laundry facility and additional storage provides extra income. Ability to add 6 ADUs. Irreplaceable location less than a mile from California Avenue Business District & Caltrain Station with numerous shopping, dining & entertainment options. Less than a mile from the Stanford Research Park, home to 150+ companies comprised of a diverse and thriving community of employees & innovators. 1.5 miles from Stanford University. "Very Walkable" score of 81 and "Biker's Paradise" score of 100 and feeds into excellent Palo Alto school districts.

Listing Agents

  1. Matt Thomson

    Matt Thomson

    Listing Agent

    Compass

    DRE #01471708

  2. Bryan Danforth

    Bryan Danforth

    Alternative Listing Agent

    Compass

    DRE #01789680

Property Details for 3820 Park Boulevard

MLS City Name
PALO ALTO
Building Type
Other
Garage Spaces
38
Parking Spaces
4
LISTING UPDATED: 08/01/2024 03:53 PM

Property Details for 3820 Park Boulevard

StatusSold
MLS #ML81969973
Days on Compass14
Taxes$151,934 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1970
Lot Size0.66 AC / 28,784 SF
CountySanta Clara County
Buyer's Agent Compensation2%

Building Information for 3820 Park Boulevard

Stories-Residences-Year Built1970Building Size-Lot Size0.66 AC / 28,784 SF

Property Information for 3820 Park Boulevard

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Living SqFt: 23213
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: Secured Garage / Parking, Security Building, Security Fence
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 34
Garage
  • Garage and Parking: Attached Garage, Electric Gate
Property Details
Homeowners Association
  • HOA Amenities: Community Pool, Community Security Gate
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 24
  • Area Text: Ventura
  • Restrictions: None
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 3820
  • Street Name: Park
  • Street Suffix: Boulevard
  • Area ID: 235
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 23213
  • Structure SqFt Source: Assessor
  • Age: 54
Development Information
  • Zoning Detail: RM4
Location Information
  • Parcel Number: 132-41-073
  • 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: Concrete Perimeter and Slab
  • Lot Acres: .66
  • 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: 23
General Information
  • Annual Tax Amount: $151,934
  • Capitalization Rate: 3.50
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Laundry, Rents, Storage Area
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $16,037
  • Expense Landscape: $5,360
  • Expense Maintenance: $16,800
  • Expense Management: $54,411
  • Expense Trash: $0
  • Expenses Other: $6,098
  • Expenses Utility: $55,922
  • Expenses Total: $306,562
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Pool/Spa, Services - Gardener, Services - On-Site Manager, Utilities
  • Gross Rent Multiplier: 16.47
  • Income Annual Gross: $754,043
  • Income Annual Rental: $772,872
  • Income Gross Scheduled: $777,364
  • Income Other: $4,492
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,615
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,250
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,870

Property History for 3820 Park Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3820 Park Boulevard

Taxable ValueLand$7,404,144Additions$4,759,179Total$12,163,323
Tax Record2023$142,128 ($11,844 / month)
Home Facts
Total Finished SqFt23,213 SqFtAbove Grade Finished SqFt23,213 SqFtStories3Lot Size28,784 SqFtStyleMulti-Family Res (5+ Units)Year Built1970ZoningRM4CountySANTA CLARAAPN132-41-073Fireplace TypeHas Fireplace

Schools near 3820 Park Boulevard

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

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Similar Sold Homes

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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 Compass, Matt Thomson, DRE #01471708; Compass, Bryan Danforth, DRE #01789680

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.