Properties

Comm Ri Multi-units 5+ For Sale

5,939 Sqft - 251 Middlefield Road, PALO ALTO, California 94301

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Property Description

A state-of-the-art income producing asset nestled in the heart of Palo Alto. This property was completely remodeled in 2019 with no expense spared. Top-of-the-line materials, finishes, and appliances throughout. A total of 7 beautiful units and a large finished basement of 2,868 sf (not included in the living sf). Attractive landscaping, lovely curb appeal and attention to every detail starts on the exterior of the building and continues inside throughout all 7 units. The penthouse suite is over 2000 sf with three bedrooms plus a large office and two bathrooms, and the main first floor unit is over 1400 sf with two glorious master suites. Just a few blocks to Stanford University & downtown Palo Alto. Close access to many restaurants, cafes and parks as well as many High Tech companies, including HP, Google, Facebook, and Apple. Must see!

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81864732
Price : $9,988,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,939 Sqft
Year Built : 1915
Lot Area : 0.23 Sqft
Features
Heating System : Electric
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : PALO ALTO
Zipcode : 94301
Street : Middlefield Road
Street Number : 251
Floor Number : 0
Longitude : W123° 50' 26.3''
Latitude : N37° 27' 9.6''
MLS Addon
Office Name : Compass
Building Type : Other
Area : Crescent Park
Address : 251 Middlefield Road
LA1User Code : MLL133775
LA1Agent First Name : Jennifer
LA1Agent Last Name : Buenrostro
Status Category : Active
Tot # Parking Spaces : 2
Tot # of Units : 7
Zoning : R1
List $/SqFt : $0
Age : 106
Apx Lot Sq Ft : 10,004 Sqft
Type of Building : Apt Complex
Annual Taxes : $42,000
Total Deposits : $0
ALL UNITS HAVE : Refrigerator, Updated Baths, Updated Kitchen
DISABLED FEATURES : Other
ON-SITE PARKING DESC : Parking Area
OPERATING EXPENSES : Electric, Gas, Insurance, Trash Removal, Water
TENANT PAYS : Other
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.58
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $9,988,000
Sold Price : $0
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 528600
Net Oper Income : 457268
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 14296
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 18.90
List Agent DRE Num. : 01733750
Filtered Address : 251 Middlefield RD
Branded Media Link : https://vimeo.com/617332986
LA1Agent License ID : 01733750
LA1Old Agent ID : 55473
LA1NRDS_ID : 191009415
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 003-01-076
Showing : Appointment Only,Call Listing Agent,No Sign
LO1Main Office ID : 70358
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 : 9988000
Address Search Number : 251
Listing Agent : 223252
Listing Office : 70358
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 : 32
Input Date : 29/09/2021 22:31:14
Update Date : 11/10/2021 10:03:02
PhotoTimestamp : 11/10/2021 00:10:42
First Photo Add Timestamp :
List Date : 29/09/2021
Expire Date :
Pending Date :
Closing Date :
Status Date : 29/09/2021
Price Date :
Off Market Date :
Status : Active
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 12
Cumulative DOMLS : 12
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 299
Unit # 1 Rent: 2600
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 495
Unit # 2 Rent: 3200
Unit # 3 # of Bedrooms: 1
Unit # 3 Approx. SqFt: 392
Unit # 3 Rent: 3000
Unit # 4 # of Bedrooms: 1
Unit # 4 Approx. SqFt: 486
Unit # 4 Rent: 3400
Unit # 5 # of Bedrooms: 2
Unit # 5 Approx. SqFt: 721
Unit # 5 Rent: 4200
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81864732
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 5,939 Sqft
$9,988,000
Agent info
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