759 Middlefield Road

Palo Alto, CA 94301

$5,675,000
Last Sold Price
Beds
6,121 Sq. Ft.
$927 / Sq. Ft.
6,121
Sq. Ft.
$927
per Sq. Ft.

Description

This is a trophy location in Crescent Park, 3 blocks to University Avenue. These types of buildings don't become available often. Great income and long-term hold for appreciation. Building has substantial upgrades including dual-pane windows, forced-air furnaces for ea. unit, true oak hardwood floors, updated baths and maple kitchen cabinets. All units are very spacious with an open flow floor plan in the main living area. Attractive amenities include private balconies and patios, separate dining...This is a trophy location in Crescent Park, 3 blocks to University Avenue. These types of buildings don't become available often. Great income and long-term hold for appreciation. Building has substantial upgrades including dual-pane windows, forced-air furnaces for ea. unit, true oak hardwood floors, updated baths and maple kitchen cabinets. All units are very spacious with an open flow floor plan in the main living area. Attractive amenities include private balconies and patios, separate dining areas and dual entrances for 5 of the units. Covid showing restrictions apply.

Listing Agent

  1. Connie Miller

    Connie Miller

    Listing Agent

    Compass

    DRE #01275848

Property Details for 759 Middlefield Road

MLS City Name
PALO ALTO
Building Type
Other
Style
Other
Garage Spaces
0
Parking Spaces
3
View
Other
Cross Street
Homer

Location

Listing Courtesy of Compass, Connie Miller, DRE #01275848

Sold By KW San Francisco, Jeff Lang, DRE #01221669

Add your commute
LISTING UPDATED: 06/17/2021 03:17 PM

Property Details for 759 Middlefield Road

StatusSold
MLS #ML81842146
Days on Compass15
Taxes$7,032 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.23 AC / 10,107 SF
CountySanta Clara County

Location

Listing Courtesy of Compass, Connie Miller, DRE #01275848

Sold By KW San Francisco, Jeff Lang, DRE #01221669

Add your commute

Building Information for 759 Middlefield Road

Stories-Residences-Year Built1964Building Size-Lot Size0.23 AC / 10,107 SF

Payment Calculator

$31,557 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,971

Property Taxes

$586

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 759 Middlefield Road

Features
External Links
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: Appliances - Vary by Unit, Cooktop - Electric, Countertop - Formica, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Oven - Built-In, Refrigerator
Features
  • Amenities: None
  • Communications: Cable TV
  • Energy Features: Double Pane Windows, Thermostat Controller
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 6121
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Covered Parking, On Street
Property Details
Homeowners Association
  • HOA Amenities: Common Utility Room
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Min Num Of Units in Complex: 6
  • Area Text: Community Center
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • TIC Agreement: No
  • Year Built Source: Assessor
  • Street Number: 759
  • Street Name: Middlefield
  • Street Suffix: Road
  • Area ID: 240
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 6121
  • Structure SqFt Source: Assessor
  • Age: 57
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Partnership
  • Zoning Detail: RM2T
Location Information
  • City Limits: Yes
  • Directions: On the corner of Homer/Middlefield. Homer is one-way so go around the block on Channing or Forest and park on Homer.
  • Incorporated: Yes
  • Parcel Number: 003-32-039
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94301
  • Elementary School: 309
  • Elementary School District: 481
  • Middle School Text: Frank S. Greene Middle
  • High School District Text: Palo Alto Unified
  • High School Text: Palo Alto High
Lot Information
  • Foundation: Concrete Slab, Crawl Space
  • Lot Acres: .23
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, Low Maintenance, Sprinklers - Auto
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $7,032
  • Capitalization Rate: 4.11
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,335
  • Expense Landscape: $2,250
  • Expense Maintenance: $12,000
  • Expense Management: $0
  • Expense Trash: $3,455
  • Expenses Other: $0
  • Expenses Utility: $7,105
  • Expenses Total: $35,177
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Hot Water, Vacancy Factor
  • Gross Rent Multiplier: 20.86
  • Income Annual Gross: $281,848
  • Income Annual Rental: $285,600
  • Income Gross Scheduled: $287,600
  • Income Other: $2,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,500
Unit 2 Information
  • Unit 2 Approx Square Footage: 955
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,800
Unit 3 Information
  • Unit 3 Approx Square Footage: 1385
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $4,800
Unit Type 1
  • Unit Type1 Approx SqFt: 945

Property History for 759 Middlefield 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 759 Middlefield Road

Taxable ValueLand$4,161,600Additions$1,742,670Total$5,904,270
Tax Record2023$70,770 ($5,897 / month)
Home Facts
Total Finished SqFt6,121 SqFtAbove Grade Finished SqFt6,121 SqFtStories2Lot Size10,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningRM2TCountySANTA CLARAAPN003-32-039Fireplace TypeHas Fireplace

Schools near 759 Middlefield Road

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
Addison Elementary School
PublicK to 5

Frank S. Greene Jr. Middle
Public6 to 8

Palo Alto High School
Public9 to 12

Ohlone 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 Compass, Connie Miller, DRE #01275848

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.