Listing courtesy of:
Bruce Bean,
Bruce H. Bean, Broker
For Sale
(MLS-listed)
$950,000
2109 DUMBARTON Ave
East Palo Alto,
CA
94303
| Beds: |
-
|
| Baths: |
-
|
| Sq. Ft.: |
7,078
|
| $/Sq. Ft.: |
$134
|
| Lot Size: |
7,770
Sq. Ft.
|
| Stories: | 2 |
| View: | Neighborhood |
| Year Built: |
1962
|
| Community: |
East of U.S. 101
|
| County: |
San Mateo
|
|
MLS#:
|
80904798
|
| Source: |
MLSListings |
| Status: |
Active
This listing is for sale and the sellers are accepting offers.
|
| On Redfin: |
282 days
|
|
|
The nine-unit apartment complex lies on the corner of Dumbarton and E Bayshore Ave. in East Palo Alto. There's an opportunity to capitalize on some under-market rents in an area with a strong rental history. With a recent reduction in price to $950k, this becomes a cashflow monster. Current rent will give the owner well over $100k per year!
Building Information
-
# of Units (Total): 9
-
Concrete Perimeter & Slab Foundation
-
Tar and Gravel Roof
Multi-Family Information
-
1 Bedroom Unit(s)
-
# of Studio Units: 1
-
Min Size for a Studio Unit: 500
-
Max Size for a Studio Unit: 500
-
Min Rent for a Studio Unit: $800
-
Max Rent for a Studio Unit: $800
-
# of 1 Bed 1 Bath Units: 8
-
Min Size for a 1 Bed 1 Bath Unit: 625
-
Max Size for a 1 Bed 1 Bath Unit: 625
-
Min Rent for a 1 Bed 1 Bath Unit: $837
-
Max Rent for a 1 Bed 1 Bath Unit: $1,250
-
Vacancy Factor: 3
-
Vacancy Amount: 2956
-
Existing Rental Terms: Month-to-Month Rental(s)
-
Existing Rental Terms: Lease(s) 1+ Years
Property Information
-
# of Buildings: 1
-
Zoning: R3
Expense Information
-
Garbage
-
Insurance
-
Maintenance and Repairs
-
Property Tax
-
Sewer
-
Vacancy Factor
-
Water
-
Electric
-
Insurance: $2,300
-
Landscape: $1,284
-
Maintenance: $3,852
-
Miscellaneous: $800
-
Utility: $3,000
-
Water/Sewer: $6,780
-
Total: $28,961
-
Owner Pays Garbage
-
Owner Pays Gardener
-
Tenant Pays Heating
-
Tenant Pays Cable TV
-
Tenant Pays Electric
Parking Information
-
Private Garage
-
1 Space Per Unit
Lot Information
-
Corner Lot
-
Parcel Number: 063-155-190
Community Information
-
5-12 Units
-
Complex/Park Name: Palo Alto Park
School Information
-
Elementary District: Ravenswood City Elementary
-
High School District: Sequoia Union High
Utility Information
-
City/Public Water
-
Sewer in and Connected
-
Individual Electric Meter
-
Individual Gas Meter
-
Individual Water Meter
Property Features
-
Carpets (All Units)
-
Diswasher (All Units)
-
Disposal (All Units)
-
Electronic Security System
Financial Information
-
Tax Amount: $10,945
-
Gross Rent Multiplier: 9.64
-
Laundry Income: $3,600
-
Rental Income: $94,920
-
Net Income: $66,603
-
Gross Scheduled Income: $98,520
-
Gross Annual Income: $95,564
-
Gross Annual Income Includes: Laundry
-
Gross Annual Income Includes: Rents
-
Capitalization Rate: 7.0110000000
-
Financial Information Source: Owner
Listing Information
-
AVM: Allow AVM
-
Commenting: Allow Commenting
Listing last changed
July 27, 2009, 10:00 AM
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Overhead View of 2109 DUMBARTON Ave, East Palo Alto, CA 94303
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Property History for 2109 DUMBARTON Ave
|
Date
|
Event
|
Price
|
Appreciation
|
Source
|
|
Jan 29, 2009
|
Listed |
$950,000
|
--
|
MLSListings #80904798
|
|
Aug 01, 2003
|
Sold (Public Records) |
$1,000,000
|
6.2%/yr
|
Public Records
|
|
Jun 13, 2001
|
Sold (Public Records) |
$880,000
|
39.6%/yr
|
Public Records
|
|
Jun 09, 1999
|
Sold (Public Records) |
$450,000
|
19.2%/yr
|
Public Records
|
|
Oct 26, 1994
|
Sold (Public Records) |
$200,000
|
--
|
Public Records
|
NOTICE: There are past MLS listings for this property which are not being shown. In order to see these listings, MLS Rules require that you
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Public Facts for 2109 DUMBARTON Ave
| Beds: |
9
|
| Baths: |
9.0
|
| Finished Sqft: |
7078
|
| Unfinished Sqft: |
-
|
| Total Sqft: |
7078
|
| Floors: |
2
|
| Lot Size: |
7,770
|
| Style: |
Multi-Family (2-4 Unit) |
| Year Built: |
1962
|
| Year Renovated: |
-
|
| County: |
San Mateo County
|
| APN: |
063155190
|
| Last Updated: |
October 3, 2009
|
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
|
Taxable Value |
| Land |
$552,040
|
| Additions |
$552,040
|
| Total |
$1,104,080
|
|
Tax (2009)
|
$16,799
|
Home Value Estimates for 2109 DUMBARTON Ave
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