405 Kipling Street

Palo Alto, CA 94301

$4,500,000
Price
Beds
2,196 Sq. Ft.
$2,049 / Sq. Ft.
2,196
Sq. Ft.
$2,049
per Sq. Ft.

Description

405 Kipling St is an exceptional 6-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 5,936 square foot parcel of land, the subject property was originally constructed in 1900 and has a gross building area of approximately 2,196 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. 405 Kipling St is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural...405 Kipling St is an exceptional 6-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 5,936 square foot parcel of land, the subject property was originally constructed in 1900 and has a gross building area of approximately 2,196 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. 405 Kipling St is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America. The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Cole Simpson • DRE #02016525 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 405 Kipling Street

MLS City Name
PALO ALTO
Building Type
Other
Garage Spaces
0
Parking Spaces
8
LISTING UPDATED: 12/11/2024 11:15 AM

Property Details for 405 Kipling Street

StatusActive
MLS #ML81988311
Days on Compass7
Taxes$57,198 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1900
Lot Size0.14 AC / 5,936 SF
CountySanta Clara County

Building Information for 405 Kipling Street

Stories-Residences-Year Built1900Building Size-Lot Size0.14 AC / 5,936 SF

Property Information for 405 Kipling Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2196
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • 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: 0
Garage
  • Garage and Parking: Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Downtown Palo Alto
  • Restrictions: None
  • Roof: Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 405
  • Street Name: Kipling
  • Street Suffix: Street
  • Area ID: 242
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2196
  • Structure SqFt Source: Other
  • Age: 124
Development Information
  • Zoning Detail: CDC
Location Information
  • Parcel Number: 120-15-010
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94301
  • Elementary School District: 481
  • High School District Text: Palo Alto Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .14
  • 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: 5
General Information
  • Annual Tax Amount: $57,198
  • Capitalization Rate: 2.10
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,340
  • Expense Landscape: $2,862
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $13,901
  • Expenses Total: $81,301
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Gross Rent Multiplier: 24.80
  • Income Annual Gross: $175,994
  • Income Annual Rental: $170,316
  • Income Gross Scheduled: $181,437
  • Income Other: $11,121
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1

Property History for 405 Kipling Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 405 Kipling Street

Taxable ValueLand$96,918Additions$15,148Total$112,066
Tax Record2024$5,855 ($488 / month)
Home Facts
Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories2Lot Size5,936 SqFtStyleClubsYear Built1900ZoningCDCCountySANTA CLARAAPN120-15-010

Schools near 405 Kipling Street

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
Addison Elementary School
PublicK to 5

Frank S. Greene Jr. Middle
Public6 to 8

Palo Alto High School
Public9 to 12

Ohlone 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.

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405 Kipling Street is for sale in Palo Alto, CA 94301. This property was listed for sale on December 11, 2024 by Marcus & Millichap, it's currently listed at $4,500,000. This listing's school district is Palo Alto Unified School District. Nearby schools include Addison Elementary School, Frank S. Greene Jr. Middle and Palo Alto High School. 405 Kipling Street is a 0-bed, 0-bath, 2,196 sqft built in 1900.

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, Robert Johnston, DRE #01853816; Marcus & Millichap, Cole Simpson, DRE #02016525

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.