474 Matadero Avenue

Palo Alto, CA 94306

$2,998,000
Price
Beds
3,186 Sq. Ft.
$941 / Sq. Ft.
3,186
Sq. Ft.
$941
per Sq. Ft.

Description

474 Matadero Ave, a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto. Each of the four units features a spacious one-bedroom layout. With a building size of 3,185 square feet and a lot size of 5,397 square feet, there is ample room for tenants to enjoy. Two units have been recently and extensively renovated, offering a contemporary feel and the option to convert them into two-bedroom units for increased rental income. Additionally, parking space for all units...474 Matadero Ave, a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto. Each of the four units features a spacious one-bedroom layout. With a building size of 3,185 square feet and a lot size of 5,397 square feet, there is ample room for tenants to enjoy. Two units have been recently and extensively renovated, offering a contemporary feel and the option to convert them into two-bedroom units for increased rental income. Additionally, parking space for all units provides convenient access and adds to the property's overall appeal. The property includes a range of capital improvements, such as new dual-pane windows for greater energy efficiency, updated electrical systems for modern convenience, and tankless water heaters in select units. All units also feature in-unit laundry facilities, further adding to the comfort and convenience for residents. Situated in a premier location, just steps from Downtown Palo Alto and Stanford University, this property offers exceptional proximity to top rated schools, vibrant shopping and dining areas, and major tech campuses. Surrounded by many top tech employers, the property benefits from a dynamic and high-demand neighborhood.
  1. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap • 415-625-2189
  2. Listed by Haili Wu • DRE #02090722 • Brokerage DRE #00490774 • Kidder Mathews

Property Details for 474 Matadero Avenue

MLS City Name
PALO ALTO
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
4
LISTING UPDATED: 10/19/2024 12:20 AM

Property Details for 474 Matadero Avenue

StatusActive
MLS #ML81977171
Days on Compass66
Taxes$37,617 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1950
Lot Size0.12 AC / 5,227 SF
CountySanta Clara County

Building Information for 474 Matadero Avenue

Stories2Residences4Year Built1950Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 474 Matadero Avenue

Features
Features
  • Fireplace: No
  • Flooring: Laminate
  • Living SqFt: 3186
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Ventura
  • Roof: Wood Shakes / Shingles
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 474
  • Street Name: Matadero
  • Street Suffix: Avenue
  • Area ID: 235
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3186
  • Structure SqFt Source: Assessor
  • Age: 74
Development Information
  • Zoning Detail: RM4
Location Information
  • Parcel Number: 132-40-011
  • 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
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $37,617
  • Building Unit Total: 4
  • Capitalization Rate: 2.64
  • Tenant Expenses: Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,200
  • Expense Landscape: $0
  • Expense Maintenance: $1,164
  • Expense Management: $0
  • Expense Trash: $650
  • Expenses Other: $1,161
  • Expenses Utility: $1,333
  • Expenses Total: $45,125
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Utilities - Water
  • Gross Rent Multiplier: 23.41
  • Income Annual Gross: $124,245
  • Income Annual Rental: $128,088
  • Income Gross Scheduled: $128,088
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,574
Unit 2 Information
  • Unit 2 Approx Square Footage: 800
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $3,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 800
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,600
Unit 4 Information
  • Unit 4 Approx Square Footage: 797
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 474 Matadero 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 474 Matadero Avenue

Taxable ValueLand$2,026,648Additions$538,373Total$2,565,021
Home Facts
Total Finished SqFt3,186 SqFtAbove Grade Finished SqFt3,186 SqFtStories2Lot Size5,397 SqFtStyleQuadraplexYear Built1950ZoningRM4CountySANTA CLARAAPN132-40-011Fireplace TypeHas Fireplace

Schools near 474 Matadero 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

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474 Matadero Avenue is a multi-family home for sale in Palo Alto, CA 94306. This property was listed for sale on August 17, 2024 by Marcus & Millichap, it's currently listed at $2,998,000. It has been on the market for a total of 66 days and was last sold on March 3, 2015. This listing's school district is Palo Alto Unified School District. Nearby schools include Barron Park Elementary School, Ellen Fletcher Middle and Henry M. Gunn High School. 474 Matadero Avenue is a 0-bed, 0-bath, 3,186 sqft multi-family home built in 1950.

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, Philip Batlin, DRE #01873218; Kidder Mathews, Haili Wu, DRE #02090722

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.