474 Margarita Avenue

Palo Alto, CA 94306

$2,890,000
Price
Beds
3,044 Sq. Ft.
$949 / Sq. Ft.
3,044
Sq. Ft.
$949
per Sq. Ft.

Description

1/8 mile south of Page Mill Road just off the El Camino Real. Located at Ventura area close to Stanford University and Palo Alto High School. Good Silicon Valley location. The complex consists of two-2 bedroom units and two-1 bedroom units. Great income producer. Do you have a college student? This property can also house your child who attends the university plus receive rental income to help with any operational costs of ownership. Own in one of the very best cities in Silicon Valley. Currently,...1/8 mile south of Page Mill Road just off the El Camino Real. Located at Ventura area close to Stanford University and Palo Alto High School. Good Silicon Valley location. The complex consists of two-2 bedroom units and two-1 bedroom units. Great income producer. Do you have a college student? This property can also house your child who attends the university plus receive rental income to help with any operational costs of ownership. Own in one of the very best cities in Silicon Valley. Currently, the complex is fully occupied with long term occupants. Make this complex your next investment.
  1. Listed by Ted La Scola • DRE #00596001 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-832-3355
  2. Listed by Pam Killion • DRE #01279827 • Brokerage DRE #01908304 • Coldwell Banker Realty

Property Details for 474 Margarita Avenue

MLS City Name
PALO ALTO
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2
Cross Street
El Camino Real

Location

Listing Courtesy of Coldwell Banker Realty, Ted La Scola, DRE #00596001; Coldwell Banker Realty, Pam Killion, DRE #01279827
Add your commute
LISTING UPDATED: 06/13/2024 04:07 PM

Property Details for 474 Margarita Avenue

StatusActive
MLS #ML81969277
Days on Compass36
Taxes$2,550 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1950
Lot Size0.11 AC / 4,792 SF
CountySanta Clara County

Location

Listing Courtesy of Coldwell Banker Realty, Ted La Scola, DRE #00596001; Coldwell Banker Realty, Pam Killion, DRE #01279827
Add your commute

Building Information for 474 Margarita Avenue

Stories2Residences4Year Built1950Building Size-Lot Size0.11 AC / 4,792 SF

Payment Calculator

$15,984 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,772

Property Taxes

$213

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 474 Margarita Avenue

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Oven Range, Refrigerator
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 3044
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street, Uncovered Parking, Workshop in Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: College
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Other
  • Street Number: 474
  • Street Name: Margarita
  • Street Suffix: Avenue
  • Area ID: 236
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3044
  • Structure SqFt Source: Other
  • Age: 74
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: RM4
Location Information
  • City Limits: Yes
  • Directions: From Page Mill Rd, go south about 1/8 mile to Margarita Ave and turn left to subject property.
  • Incorporated: No
  • Parcel Number: 132-39-055
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94306
  • Elementary School District: 481
  • High School District Text: Palo Alto Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .11
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 0
General Information
  • Annual Tax Amount: $2,550
  • Building Unit Total: 4
  • Capitalization Rate: 2.03
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Coin Operated Equip, Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,600
  • Expense Landscape: $1,800
  • Expense Maintenance: $4,800
  • Expense Management: $7,080
  • Expense Trash: $3,600
  • Expenses Other: $3,000
  • Expenses Utility: $1,300
  • Expenses Total: $27,730
  • Operating Expenses Include: Fee - Property Management, Maintenance - Laundry, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 32.81
  • Income Annual Gross: $86,318
  • Income Annual Rental: $87,120
  • Income Gross Scheduled: $88,080
  • Income Other: $960
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,650
Unit 2 Information
  • Unit 2 Approx Square Footage: 710
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,050
Unit 3 Information
  • Unit 3 Approx Square Footage: 810
  • Unit 3 Full Bathrooms: 0
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,800
Unit 4 Information
  • Unit 4 Approx Square Footage: 810
  • Unit 4 Full Bathrooms: 0
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,760
Unit Type 1
  • Unit Type1 Approx SqFt: 710

Property History for 474 Margarita 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 474 Margarita Avenue

Taxable ValueLand$42,381Additions$85,913Total$128,294
Home Facts
Total Finished SqFt3,044 SqFtAbove Grade Finished SqFt3,044 SqFtStories2Lot Size5,040 SqFtStyleQuadraplexYear Built1950ZoningRM4CountySANTA CLARAAPN132-39-055Fireplace TypeHas Fireplace

Schools near 474 Margarita 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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474 Margarita Avenue is a multi-family home for sale in Palo Alto, CA 94306. This property was listed for sale on June 12, 2024 by Coldwell Banker Realty, it's currently listed at $2,890,000. This listing's school district is Palo Alto Unified School District. Nearby schools include Barron Park Elementary School, Ellen Fletcher Middle and Henry M. Gunn High School. 474 Margarita Avenue is a 0-bed, 0-bath, 3,044 sqft multi-family home built in 1950.

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 Coldwell Banker Realty, Ted La Scola, DRE #00596001; Coldwell Banker Realty, Pam Killion, DRE #01279827

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.