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678 HOMER Ave, Palo Alto, CA 94301
678 HOMER Ave, Palo Alto, CA 94301
678 HOMER Ave, Palo Alto, CA 94301
678 HOMER Ave, Palo Alto, CA 94301
678 HOMER Ave, Palo Alto, CA 94301
678 HOMER Ave, Palo Alto, CA 94301
Listing courtesy of: Adam S. Levin, Marcus & Millichap
For Sale (MLS-listed)
$1,895,000

678 HOMER Ave Palo Alto, CA 94301

Beds: 7
Baths: 4
Sq. Ft.: 3,190
$/Sq. Ft.: $594
Lot Size: 5,250 Sq. Ft.
Stories:2
View:Neighborhood
Year Built: 1957
Community: Downtown
County: Santa Clara
MLS#: 80910997
Source: MLSListings
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 271 days
Rare Downtown Palo Alto Location!!!!!!!!! Recession Proof Investment!!!!!!!!!

Laundry Information

  • Coin-Operated Washer/Dryer (Owned)
  • Common Utility Room

Utility Information

  • City/Public Water
  • Sewer in and Connected
  • Individual Electric Meter

Property Features

  • Carpets (All Units)
  • Diswasher (All Units)
  • Disposal (All Units)
  • Microwave (All Units)
  • Oven/Range (All Units)
  • Refrigerator (All Units)
  • Window Coverings (All Units)
  • Lawn Sprinklers
  • Storage Locker
  • Balconies
  • Decking
  • Caulked & Sealed Openings

Unit 2 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Rent: $2,275

Location Information

  • Cross Street: Webster Street

Financial Information

  • Tax Amount: $14,632.84
  • Gross Rent Multiplier: 20.85
  • Laundry Income: $600
  • Rental Income: $90,300
  • Net Income: $67,070
  • Gross Scheduled Income: $90,900
  • Gross Annual Income: $88,173
  • Gross Annual Income Includes: Laundry
  • Gross Annual Income Includes: Rents
  • Capitalization Rate: 3.5390000000
  • Financial Information Source: Owner

Listing Information

  • AVM: Allow AVM
  • Commenting: Allow Commenting

Flooring Information

  • Tile
  • Hardwood

Building Information

  • # of Units (Total): 3
  • Insulation Per Owner
  • Concrete Perimeter Foundation
  • Composition Roof

Multi-Family Information

  • 2 Bedroom Unit(s)
  • 3 Bedroom Unit(s)
  • Vacancy Factor: 3
  • Vacancy Amount: 2727
  • Existing Rental Terms: Month-to-Month Rental(s)
  • Existing Rental Terms: Lease(s) Less than 1 Year

Unit 3 Information

  • # of Bedrooms: 3
  • # of Baths: 2
  • Size: 1190
  • Rent: $2,975

Property Information

  • # of Buildings: 1
  • Zoning: RM2

Expense Information

  • Garbage
  • Gas
  • Insurance
  • Laundry Equipment
  • Maintenance and Repairs
  • Property Tax
  • Sewer
  • Supplies
  • Vacancy Factor
  • Water
  • Garbage: $1,200
  • Insurance: $830
  • Maintenance: $3,000
  • Utility: $240
  • Water/Sewer: $1,200
  • Total: $21,103
  • Owner Pays Water
  • Tenant Pays Gas
  • Tenant Pays Heating
  • Tenant Pays Hot Water
  • Tenant Pays Electric

Heating & Cooling

  • Central Forced Air Heat

Parking Information

  • Private Garage
  • >1 Space Per Unit

Unit 1 Information

  • # of Bedrooms: 2
  • # of Baths: 1
  • Size: 1000
  • Rent: $2,275

Lot Information

  • Parcel Number: 120-05-009

Community Information

  • 3 Units
  • Private Patio

School Information

  • Elementary District: Palo Alto Unified
  • High School District: Palo Alto Unified

Listing last changed

November 12, 2009, 3:16 PM

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Property History for 678 HOMER Ave

Date Event Price Appreciation Source
Mar 04, 2009 Listed $1,895,000 -- MLSListings #80910997
Apr 20, 2004 Sold (Public Records) $1,200,000 -- Public Records

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Public Facts for 678 HOMER Ave

Beds: -
Baths: -
Finished Sqft: 3190
Unfinished Sqft: -
Total Sqft: 3190
Floors: 2
Lot Size: 5,250
Style: Multi-Family (5+ Unit)
Year Built: 1957
Year Renovated: -
County: Santa Clara County
APN: 12005009
Last Updated: November 16, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $883,263
Additions $441,631
Total $1,324,894
Tax (2009) $15,651

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