1650 Bay Road

East Palo Alto, CA 94303

$1,850,000
Price
Beds
3,680 Sq. Ft.
$503 / Sq. Ft.
3,680
Sq. Ft.
$503
per Sq. Ft.

Description

1650 Bay Road is a meticulously maintained multifamily property, boasting 5 unique units, with 3 recently renovated to contemporary standards. Each unit in this investment offers individual metering and comes with its own dedicated parking spot, enhancing convenience for all residents. 3 of the parking spots are covered carports, providing additional protection and value. The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows...1650 Bay Road is a meticulously maintained multifamily property, boasting 5 unique units, with 3 recently renovated to contemporary standards. Each unit in this investment offers individual metering and comes with its own dedicated parking spot, enhancing convenience for all residents. 3 of the parking spots are covered carports, providing additional protection and value. The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows throughout, ensuring energy efficiency and reduced noise pollution. All units benefit from updated plumbing and electrical systems, guaranteeing hassle-free living for tenants and peace of mind for the new owner. A brand-new, 6-foot security gate encircles the property, offering an extra layer of safety and privacy. A newly constructed laundry room adds a convenient amenity for all residents, increasing the property's appeal and rental value. This multifamily listing is not just a living space but a carefully considered investment that has been upgraded and maintained to attract and retain quality tenants.
  1. Listed by Sam Runco • DRE #01977683 • Brokerage DRE #01240999 • Marcus & Millichap • 650-759-3414
  2. Listed by Philip Batlin • DRE #01873218 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 1650 Bay Road

MLS City Name
EAST PALO ALTO
Building Type
Other
Garage Spaces
0
Parking Spaces
3

Location

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218
Add your commute
LISTING UPDATED: 04/26/2024 05:27 PM

Property Details for 1650 Bay Road

StatusActive
MLS #ML81958252
Days on Compass10
Taxes$20,843 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.21 AC / 8,979 SF
CountySan Mateo County

Location

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218
Add your commute

Building Information for 1650 Bay Road

Stories-Residences-Year Built1960Building Size-Lot Size0.21 AC / 8,979 SF

Payment Calculator

$11,833 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,096

Property Taxes

$1,737

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1650 Bay Road

Features
Features
  • Fireplace: No
  • Living SqFt: 3680
  • Pool: No
  • Security Features: Security Fence
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Other
  • Meters: Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: East of U.S. 101 East Palo Alto
  • Restrictions: Other
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1650
  • Street Name: Bay
  • Street Suffix: Road
  • Area ID: 322
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 3680
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: R30000
Location Information
  • Parcel Number: 063-221-050
  • County Name: San Mateo
  • City Name: EAST PALO ALTO
  • City Postal ID: 16
  • Postal Code: 94303
  • Elementary School District: 934
  • High School District Text: Sequoia Union High
Lot Information
  • Foundation: Other
  • Lot Acres: .21
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $20,843
  • Capitalization Rate: 4.84
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $4,002
  • Expense Landscape: $0
  • Expense Maintenance: $2,500
  • Expense Management: $0
  • Expense Trash: $2,997
  • Expenses Other: $2,882
  • Expenses Utility: $2,305
  • Expenses Total: $35,529
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 14.78
  • Income Annual Gross: $125,156
  • Income Annual Rental: $123,156
  • Income Gross Scheduled: $125,156
  • Income Other: $2,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 520
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,568
Unit 3 Information
  • Unit 3 Approx Square Footage: 548
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,795
Unit 4 Information
  • Unit 4 Approx Square Footage: 444
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 0
  • Unit 4 Rent: $1,750
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 670

Property History for 1650 Bay Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1650 Bay Road

Taxable ValueLand$739,587Additions$263,972Total$1,003,559
Tax Record2023$14,668 ($1,222 / month)
Home Facts
Total Finished SqFt3,680 SqFtAbove Grade Finished SqFt3,680 SqFtStories2Lot Size8,979 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960ZoningR30000CountySAN MATEOAPN063-221-050

Schools near 1650 Bay Road

This home is within Ravenswood City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Costano Elementary School
PublicK to 5

Ravenswood Comprehensive Middle
Public6 to 8

Menlo-Atherton High School
Public9 to 12

Green Oaks Academy
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1650 Bay Road is a multi-family home for sale in East Palo Alto, CA 94303. This property was listed for sale on April 24, 2024 by Marcus & Millichap, it's currently listed at $1,850,000. It has been on the market for a total of 10 days and was last sold on March 28, 2016. This listing's school districts are Ravenswood City Elementary School District, Sequoia Union High School District. Nearby schools include Costano Elementary School, Ravenswood Comprehensive Middle and Menlo-Atherton High School. 1650 Bay Road is a 0-bed, 0-bath, 3,680 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Sam Runco, DRE #01977683; Marcus & Millichap, Philip Batlin, DRE #01873218

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.