For Sale
(MLS-listed)
$3,600,000
219 RAMONA St Palo Alto, CA 94301
| Beds: | - |
| Baths: | - |
| Sq. Ft.: | 4,336 |
| $/Sq. Ft.: | $830 |
| Lot Size: | 5,227 Sq. Ft. |
| Stories: | 3 |
| Year Built: | 1893 |
| Community: | Downtown |
| County: | Santa Clara |
| MLS#: | 80949071 |
| Source: | MLSListings |
| Status: | Active |
| On Redfin: | 45 days |
Victorian Goldmine. .. This architectural gem located in the heart of downtown Palo Alto is sure to be the crown jewel in an investor's real estate portfolio. Originally constructed in 1893 and converted to apartments many decades ago, this property produces nearly a quarter million dollars in gross annual income, and is located in one of the highest demand rental areas in the state!
Laundry Information
- Coin-Operated Washer/Dryer (Owned)
- Common Utility Room
Utility Information
- City/Public Water
- Sewer in and Connected
- Master Electric Meter
- Master Gas Meter
- Master Water Meter
Property Features
- Carpets (Some Units)
- Dishwasher (Some Units)
- Furnished (Some Units)
- Microwave (Some Units)
- Oven/Range (All Units)
- Refrigerator (All Units)
- Window Coverings (Some Units)
- Has Fireplace
Location Information
- Cross Street: Hawthorne
- Directions: Two and a half blocks from University Ave, Between Everett and Hawthorne
Financial Information
- Tax Amount: $25,896.84
- Gross Rent Multiplier: 14.94
- Laundry Income: $1,500
- Rental Income: $225,108
- Other Income: $14,400
- Net Income: $167,061
- Gross Scheduled Income: $241,008
- Gross Annual Income: $228,958
- Gross Annual Income Includes: Laundry
- Gross Annual Income Includes: Parking
- Gross Annual Income Includes: Rents
- Gross Annual Income Includes: Other
- Capitalization Rate: 4.6410000000
- Financial Information Source: Owner
Listing Information
- AVM: Allow AVM
- Commenting: Allow Commenting
Flooring Information
- Tile
- Wall-to-Wall Carpeting
Building Information
- # of Units (Total): 12
- Concrete Perimeter Foundation
- Composition Roof
Multi-Family Information
- 1 Bedroom Unit(s)
- 2 Bedroom Unit(s)
- Studio Unit(s)
- # of Studio Units: 8
- Min Rent for a Studio Unit: $1,195
- Max Rent for a Studio Unit: $1,595
- # of 1 Bed 1 Bath Units: 3
- Min Rent for a 1 Bed 1 Bath Unit: $1,695
- Max Rent for a 1 Bed 1 Bath Unit: $1,875
- # of 2 Bed 1 Bath Units: 1
- Min Rent for a 2 Bed 1 Bath Unit: $2,350
- Vacancy Factor: 5
- Vacancy Amount: 12050
- Existing Rental Terms: Lease(s) 1 Year
Property Information
- # of Buildings: 1
- Zoning: RM4
Expense Information
- Garbage
- Gardener
- Gas
- Insurance
- Janitorial Services
- Laundry Equipment
- Maintenance and Repairs
- Property Management Co.
- Property Tax
- Sewer
- Supplies
- Vacancy Factor
- Water
- Electric
- Insurance: $3,000
- Maintenance: $5,000
- Management: $7,500
- Miscellaneous: $6,500
- Utility: $14,000
- Total: $61,897
- Owner Pays Electric
- Owner Pays Garbage
- Owner Pays Gardener
- Owner Pays Gas
- Owner Pays Heating
- Owner Pays Hot Water
- Owner Pays Water
- Tenant Pays Cable TV
Heating & Cooling
- Wall Furnace
- Room Air Conditioner(s)
Parking Information
- Off Street Parking
Lot Information
- Parcel Number: 120-25-015
Community Information
- 5-12 Units
School Information
- Elementary District: Palo Alto Unified
- High School District: Palo Alto Unified
Listing last changed
November 11, 2009, 4:06 PM
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Overhead View of 219 RAMONA St, Palo Alto, CA 94301
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Property History for 219 RAMONA St
| Date | Event | Price | Appreciation | Source |
|---|---|---|---|---|
| Oct 14, 2009 | Listed | $3,600,000 | -- | MLSListings #80949071 |
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 Sign In.
Public Facts for 219 RAMONA St
| Beds: | - |
| Baths: | - |
| Finished Sqft: | 4336 |
| Unfinished Sqft: | - |
| Total Sqft: | 4336 |
| Floors: | 2 |
| Lot Size: | 5,227 |
| Style: | Multi-Family (2-4 Unit) |
| Year Built: | 1893 |
| Year Renovated: | - |
| County: | Santa Clara County |
| APN: | 12025015 |
| Last Updated: | November 16, 2009 |
These facts may not match MLS-provided listing facts.
Learn more.
Source: Public Records
Property Tax
| Taxable Value | |
| Land | $742,845 |
| Additions | $1,639,566 |
| Total | $2,382,411 |
| Tax (2009) | $27,726 |
Home Value Estimates for 219 RAMONA St
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Nearby Similar Listings
More Info
Nearby Similar Sales
More Info
Closest homes similar to 219 RAMONA St, which sold within the past six months:
|
$1,060,500
358 Addison Ave Sold on Sep 01, 2009 |
0.7 miles - bd / - ba 3,828 Sq. Ft. |
|
$750,000
1103 Hollyburne Ave Sold on Sep 21, 2009 |
1.72 miles 6 bd / 5 ba 3,651 Sq. Ft. |
|
|
$737,000
1100 Windermere Ave Sold on Aug 25, 2009 |
1.74 miles 6 bd / 5 ba 3,232 Sq. Ft. |
| Range: | $737,000 - $1,060,500 |
| Average: | $228/Sq. Ft. |
Link to this page at
http://www.redfin.com/CA/Palo-Alto/219-Ramona-St-94301/home/906540
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Buyer
in 94043
(11/18/2009)
About Brad Le
"Brad and his assistant Jen have been fantastic to work with. I purchased a condo that had four offers, and mine was sel…" -
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in 94087
(11/12/2009)
About Jim Holt
"Overall, not bad. Prompt response on both email and phone, handled most thing professionally. But anyone who wants to u…" -
Buyer
in Redwood Shores
(11/12/2009)
About Brad Le
"Brad was able to help us to win a bidding war and walk us through the buying process with patience. He was very kind and…"
