Comm Ri Multi-units 5+ For Sale
3,600 Sqft - 2056 Glen Way, EAST PALO ALTO, California 94303
Property Description
Great upside potential! Excellent unit mix of four 2BR/1BA units & one 1 BR/1BA unit. Vacant accessory structure could be converted to an ADU for a 6th unit. Rapidly improving area. Walking distance to Amazon offices, 2 mi from Facebook and 2.6 mi from Stanford. Easy access to HWY 101 and Dumbarton Bridge. Current tenants on state or local Housing Authority programs; almost 90% of income is guaranteed! Please do not disturb tenants or walk on the property. Shown by appointment only.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40966750
Price : $2,200,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,600 Sqft
Year Built : 1960
Lot Area : 0.19 Sqft
Features
Heating System : Wall Furnace
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : San Mateo
City : EAST PALO ALTO
Zipcode : 94303
Street : Glen Way
Street Number : 2056
Floor Number : 0
Longitude : W123° 51' 19.2''
Latitude : N37° 27' 48.5''
MLS Addon
Office Name : RE/MAX Accord
Building Type : Apt Complex
Area : San Mateo County
Address : 2056 Glen Way
Cross Street : Donohue St.
Directions to Property : University to Donohue to Glen
LA1User Code : 206511589
LA1Agent First Name : Douglas
LA1Agent Last Name : Korb
Status Category : Active
Tot # Parking Spaces : 5
Tot # of Units : 5
List $/SqFt : $611
Age : 61
Apx Lot Sq Ft : 8,350 Sqft
Type of Building : Apt Complex
Annual Taxes : $28,919
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio, Extra Storage
EQUIPMENT ADDITIONAL : Individual Electric Meter, Individual Gas Meter
EXTERIOR : Stucco, Composition Shingles
FLOORING : Linoleum, Laminate
LOT DESCRIPTION : Level, Regular
ON-SITE PARKING DESC : Off Site Parking, Carports - 2 Or More, Covered Parking, Space Per Unit - 1
SEPARATE METERS : Electric, Gas
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated, Common Room, Laundry Equip - Leased
Census Tract : 20956
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $2,400
2nd Loan Balance : $147,672
Tot Other Loans : $900
Financial Data Verif(Y/N) : 5
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,350,000
Sold Price : $0
Previous Price : $2,350,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 148572
Annual Gross Sched Inc : 148572
Net Oper Income : 106741
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 3540
Other Ann Exp : 1980
Tot Ann Oper Exp : 41831
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 3792
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 14.8
ZIDX Only Street Name : Glen Way
Co List Agent DRE Num. : 01020510
List Agent DRE Num. : 01020510
LA1Agent License ID : 01020510
LA1NRDS_ID : 206511589
Annual Vacancy : 0
Gross Income : 148572
Listing Broker DRE Numbe : 01491373
Sale/Original $ : 0
Annual Exp Yr : 2021
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : BAY EAST
Assessors Parcel No : 063-184-020
Showing : Call LA first
LO1Main Office ID : 2645
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 0
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2200000
Address Search Number : 2056
Listing Agent : 19454
Listing Office : 30777
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 0
Buying Office 1 : 0
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 14
Input Date : 11/09/2021 00:03:18
Update Date : 10/11/2021 18:49:30
PhotoTimestamp : 17/09/2021 21:17:15
First Photo Add Timestamp : 11/09/2021 00:03:19
List Date : 10/09/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 05/11/2021
Price Date : 29/10/2021
Off Market Date :
Status : Active
Dual Variable : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date : 29/10/2021
LVT Date : 10/09/2021
DOMLS : 46
Cumulative DOMLS : 46
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 1
Unit # 1 Air Cond.: No
Unit # 1 Approx. SqFt: 480
Unit # 1 Dining Room: No
Unit # 1 Parking Spaces: 1
Unit # 1 Range Oven: Yes
Unit # 1 Refrigerator: Yes
Unit # 1 Rent: 2100
Unit 1 # Units This Type?: 1
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 2
Unit # 2 Air Cond.: No
Unit # 2 Approx. SqFt: 840
Unit # 2 Dining Room: No
Unit # 2 Fireplace: No
Unit # 2 Parking Spaces: 1
Unit # 2 Range Oven: Yes
Unit # 2 Refrigerator: Yes
Unit # 2 Rent: 2757
Unit 2 # Units This Type?: 1
Unit # 3 # of Bathrooms: 1
Unit # 3 # of Bedrooms: 2
Unit # 3 Air Cond.: No
Unit # 3 Approx. SqFt: 840
Unit # 3 Dining Room: No
Unit # 3 Fireplace: No
Unit # 3 Parking Spaces: 1
Unit # 3 Range Oven: Yes
Unit # 3 Refrigerator: Yes
Unit # 3 Rent: 2757 Est
Unit 3 # Units This Type?: 1
Unit # 4 # of Bathrooms: 1
Unit # 4 # of Bedrooms: 2
Unit # 4 Air Cond.: No
Unit # 4 Approx. SqFt: 720
Unit # 4 Dining Room: No
Unit # 4 Fireplace: No
Unit # 4 Parking Spaces: 1
Unit # 4 Range Oven: Yes
Unit # 4 Refrigerator: Yes
Unit # 4 Rent: 2550
Unit 4 # Units This Type?: 1
Unit # 5 # of Bathrooms: 1
Unit # 5 # of Bedrooms: 2
Unit # 5 Air Cond.: No
Unit # 5 Approx. SqFt: 720
Unit # 5 Fireplace: No
Unit # 5 Parking Spaces: 1
Unit # 5 Range Oven: Yes
Unit # 5 Refrigerator: Yes
Unit # 5 Rent: 2142
Unit 5 # Units This Type?: 1
