buythisprop

There are two ways to think about this property. This classic Downtown home has been converted into 4 units, but it could easily be converted back to large single family home. Opportunity awaits and the choices are all yours!

By the Numbers

Built 1907
House size: 2,850± square feet
Level lot: 6,500± square feet

Interior Features

2 Fireplaces
High ceilings
2 Stories
Unfurnished attic
Partial basement

Floor plan - click image to enlarge

Exterior Features

Detached one car garage with attached laundry
Sunny yard with mature trees

Neighborhood

Walk to Downtown
Palo Alto schools: Addison Elementary School, Jordan Middle School, Palo Alto High School (depending on availability)

Rental Units

4 Units
- 2 Studio Units
- One Bedroom Unit
- Three Bedroom Unit
Month-to-Month Rentals
Gross income includes rents, electricity, water, sewer, garbage

Estimated Expenses
Garbage	$540	From previous owner
Insurance (est.)	$2,400±	For new owner
Property taxes (est.)	$19,200±	$1.6M x 1.2%
Utilities	$3,100*	From previous owner
Total	$25,240

* Utilities include gas, electricity, sewer, storm drain, and water. Studios (units #1 and #3) pay a portion of utility costs, and landlord pays all other utility costs.

Current Rent Roll
Unit	Lease Terms	Rent	Rents Dec. 1st, 2007	Deposit
1	month-to-month	$950	$1,050	$950
2	month-to-month	$1,075	$1,225	$1,075
3	month-to-month	$900	$900	$900
4A	to October 31,2006	$750	$800	$750
4B	month-to-month	$650	$725	$650
4C	vacant	$750	$750
Total		$5,075	$5,450

Viewing Instructions

Appointment Only
Call Listing Agent
Do Not Disturb Occupants