Restricted Address

East Palo Alto, CA 94303

$2,490,000
Price
Beds
2,630 Sq. Ft.
$947 / Sq. Ft.
2,630
Sq. Ft.
$947
per Sq. Ft.

Description

Four-Bedroom Home with Two Apartments and Stunning Views Welcome to a prime investment opportunity by the Bay! This spacious four-bedroom, two-bath residence not only offers comfortable living but also exceptional income potential with two additional apartments (ADUs), each featuring two bedrooms. Perfectly situated on a corner lot, this property is a gem for investors, complete with separate entrances for the apartments to ensure privacy for both homeowners and renters. Whether you're aiming to...Four-Bedroom Home with Two Apartments and Stunning Views Welcome to a prime investment opportunity by the Bay! This spacious four-bedroom, two-bath residence not only offers comfortable living but also exceptional income potential with two additional apartments (ADUs), each featuring two bedrooms. Perfectly situated on a corner lot, this property is a gem for investors, complete with separate entrances for the apartments to ensure privacy for both homeowners and renters. Whether you're aiming to generate steady rental income or host Airbnb guests, these fully furnished apartments are ready to go. Picture yourself waking up to stunning views of the San Francisco skyline or the tranquil sights of Mt. Hamilton. Located just steps from the Bay Trail, this home is ideal for outdoor enthusiasts. Key features include a master suite with a private entrance and yard, along with separate private yards for the guest apartments. Don't miss out on this incredible opportunity to invest in a property that not only enhances your lifestyle but also promises significant financial returns.

Property Details for Restricted Address

MLS City Name
EAST PALO ALTO
Building Type
TRIPLEX
Style
Contemporary
Garage Spaces
0
Parking Spaces
2
View
Other
Cross Street
fordham/rutgers
LISTING UPDATED: 09/27/2024 04:34 PM

Property Details for Restricted Address

StatusActive
MLS #ML81981803
Days on Compass56
Taxes$4,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1953
Lot Size0.18 AC / 8,000 SF
CountySan Mateo County

Building Information for Restricted Address

Stories1Year Built1953Building Size-Lot Size0.18 AC / 8,000 SF

Property Information for Restricted Address

Features
Room Information
  • Kitchen: Cooktop - Electric, Oven - Electric, Oven Range - Built-In
Features
  • Amenities: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Living SqFt: 2630
  • Pool: No
  • Security Features: None
  • Special Features: Wheelchair Access
Utilities
  • Cooling: None
  • Heating: Forced Air
  • Meters: Master Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Water On Site
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: East of U.S. 101 East Palo Alto
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 2861
  • Street Name: Fordham
  • Street Suffix: Street
  • Area ID: 322
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 2630
  • Structure SqFt Source: Assessor
  • Age: 71
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R10006
Location Information
  • City Limits: Yes
  • Directions: University East Bound right on Purdue left on Fordham
  • Parcel Number: 063-021-010
  • County Name: San Mateo
  • City Name: EAST PALO ALTO
  • City Postal ID: 16
  • Postal Code: 94303
  • Elementary School District: 934
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .18
  • 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: 3
General Information
  • Annual Tax Amount: $4,000
  • Building Unit Total: 3
  • Capitalization Rate: 5.68
  • Tenant Expenses: Rent Only
  • Income Includes: None
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $250
  • Expense Landscape: $0
  • Expense Maintenance: $500
  • Expense Management: $0
  • Expense Trash: $500
  • Expenses Other: $1,000
  • Expenses Utility: $500
  • Expenses Total: $6,750
  • Operating Expenses Include: Utilities
  • Gross Rent Multiplier: 15.96
  • Income Annual Gross: $148,200
  • Income Annual Rental: $156,000
  • Income Gross Scheduled: $156,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $5,000
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,990
Unit 3 Information
  • Unit 3 Approx Square Footage: 900
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,990
Unit Type 1
  • Unit Type1 Approx SqFt: 2860

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Restricted Address

Taxable ValueLand$197,639Additions$197,639Total$395,278
Tax Record2024$6,771 ($564 / month)
Home Facts
Baths3Total Finished SqFt2,630 SqFtAbove Grade Finished SqFt2,630 SqFtStories1Lot Size8,193 SqFtStyleDuplexYear Built1953ZoningR10006CountySAN MATEOAPN063-021-010Fireplace TypeHas Fireplace

Schools near Restricted Address

This home is within Ravenswood City Elementary 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
Costano Elementary School
PublicK to 5

Ravenswood Comprehensive Middle
Public6 to 8

Menlo-Atherton High School
Public9 to 12

Green Oaks Academy
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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Restricted Address is a multi-family home for sale in East Palo Alto, CA 94303. This property was listed for sale on September 26, 2024 by 5A Real Estate, it's currently listed at $2,490,000. It has been on the market for a total of 56 days and was last sold on November 22, 2011. This listing's school districts are Ravenswood City Elementary School District, Sequoia Union High School District. Nearby schools include Costano Elementary School, Ravenswood Comprehensive Middle and Menlo-Atherton High School. Restricted Address is a 0-bed, 0-bath, 2,630 sqft multi-family home built in 1953.

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 5A Real Estate, Ken Gervais, DRE #01038853

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.