271 Curtner Avenue

Palo Alto, CA 94306

$2,960,000
Last Sold Price
Beds
3,986 Sq. Ft.
$743 / Sq. Ft.
3,986
Sq. Ft.
$743
per Sq. Ft.

Description

Attractive seller financing available! Two units currently vacant allowing a new owner to add value immediately by renovating and re-renting those units at higher rents. 6-unit apartment building in the heart of Silicon Valley in a great Palo Alto location. 1.5 miles from Stanford University, less than a mile from the Stanford Research Park, and 1 mile from the California Ave Caltrain Station. The property has one large 2-bed, 1-bath owner's unit with private balcony and fireplace, five 1-bed, 1-bath...Attractive seller financing available! Two units currently vacant allowing a new owner to add value immediately by renovating and re-renting those units at higher rents. 6-unit apartment building in the heart of Silicon Valley in a great Palo Alto location. 1.5 miles from Stanford University, less than a mile from the Stanford Research Park, and 1 mile from the California Ave Caltrain Station. The property has one large 2-bed, 1-bath owner's unit with private balcony and fireplace, five 1-bed, 1-bath units, and a storage room/nonconforming studio ADU which could be expanded and made into a legal ADU. Perfect for an owner to live in the front unit and rent out the rest. Well maintained units with minimal deferred maintenance, but huge upside in rents in their as-is condition, or through renovation. New water heater, all copper plumbing and dual pane windows. ADU potential by converting some of the tuck-under spaces into a new unit.
  1. Listed by Bryan Danforth • DRE #01789680 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-274-5227
  2. Listed by Matthew Thomson • DRE #01471708 • Brokerage DRE #00586119 • Newmark Cornish & Carey

Property Details for 271 Curtner Avenue

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

Location

Listing Courtesy of Newmark Cornish & Carey, Bryan Danforth, DRE #01789680; Newmark Cornish & Carey, Matthew Thomson, DRE #01471708

Sold By Newmark Cornish & Carey, Matthew Thomson, DRE #01471708; Newmark Cornish & Carey, Bryan Danforth, DRE #01789680

Add your commute
LISTING UPDATED: 09/11/2023 04:46 PM

Property Details for 271 Curtner Avenue

StatusSold
MLS #ML81920761
Days on Compass1
Taxes$38,530 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1958
Lot Size0.18 AC / 7,997 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Bryan Danforth, DRE #01789680; Newmark Cornish & Carey, Matthew Thomson, DRE #01471708

Sold By Newmark Cornish & Carey, Matthew Thomson, DRE #01471708; Newmark Cornish & Carey, Bryan Danforth, DRE #01789680

Add your commute

Building Information for 271 Curtner Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.18 AC / 7,997 SF

Payment Calculator

$19,365 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,154

Property Taxes

$3,211

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 271 Curtner Avenue

Features
Room Information
  • Additional Rooms: Storage
Features
  • Fireplace: No
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 3986
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Ventura
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 271
  • Street Name: Curtner
  • Street Suffix: Avenue
  • Area ID: 235
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3986
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Zoning Detail: RM4
Location Information
  • City Limits: Yes
  • Parcel Number: 132-41-033
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94306
  • Elementary School: 310
  • Elementary School District: 481
  • Middle School Text: Ellen Fletcher Middle
  • High School District Text: Palo Alto Unified
  • High School Text: Henry M. Gunn High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .18
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
General Information
  • Annual Tax Amount: $38,530
  • Capitalization Rate: 3.23
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,695
  • Expense Landscape: $2,400
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $1,500
  • Expenses Utility: $9,561
  • Expenses Total: $59,686
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Vacancy Factor
  • Gross Rent Multiplier: 18.93
  • Income Annual Gross: $161,447
  • Income Annual Rental: $165,720
  • Income Gross Scheduled: $166,440
  • Income Other: $720
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,750
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Approx Square Footage: 575
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,090
Unit 3 Information
  • Unit 3 Approx Square Footage: 575
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,500
Unit 4 Information
  • Unit 4 Approx Square Footage: 575
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,870
Unit 5 Information
  • Unit5 Full Baths: 1
Unit Type 1
  • Unit Type1 Approx SqFt: 1100
  • Unit Type1 Units Total: 1
Listing Info
Rental Info
  • Lease Type: Net

Property History for 271 Curtner Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 271 Curtner Avenue

Taxable ValueLand$56,599Additions$151,865Total$208,464
Home Facts
Total Finished SqFt3,986 SqFtAbove Grade Finished SqFt3,986 SqFtStories2Lot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningRM4CountySANTA CLARAAPN132-41-033Fireplace TypeHas Fireplace

Schools near 271 Curtner Avenue

This home is within Palo Alto Unified 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
Barron Park Elementary School
PublicK to 5

Ellen Fletcher Middle
Public6 to 8

Henry M. Gunn High School
Public9 to 12

Herbert Hoover Elementary School
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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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 Newmark Cornish & Carey, Bryan Danforth, DRE #01789680; Newmark Cornish & Carey, Matthew Thomson, DRE #01471708

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.