Palo Alto, CA 94306,468 Margarita AVE
Palo Alto, CA 94306,468 Margarita AVE
Palo Alto, CA 94306,468 Margarita AVE
11
$2,880,000
$2,880,000
Est.Price: ?

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3,186 SqFt

468 Margarita AVE Palo Alto, CA 94306

Est. payment /mo
SOLD DATE : 10/02/2018

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Key Details

Sold Price $2,880,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,186 sqft

Price per Sqft $903

MLS Listing ID ML81714789

Sold Date 10/02/18

HOA Y/N No

Year Built 1950

Annual Tax Amount $33,801

Lot Size 5,039 Sqft

Property Description

***TOURS WEDNESDAY 8/1 FROM 10-1 PM*** Long term ownership, first time on the market in over 24 years. Large, light filled 1 bedroom, 1 bath apartment homes with open floor plans and real hardwood floors. New composition tile roof ($10,100) and insulation replacement done in June 2012. New asphalt driveway. Complete replacement of sewer lateral to street ($6,700) completed in November 2015. Utilities: Landlord pays for water, refuse, storm drain/ tenants pay for sewer, electric, and gas. Units are individually metered for gas and electric. Individual hot water heater in each unit; tenants pay to heat water. Washer and dryer in each unit. AC in upstairs units. Large dining areas off each kitchen. Units benefit from a front entry and a rear entry off kitchen. Downstairs units have small patio area off rear door in kitchen. 4 detached carport parking spaces near the rear. Well maintained mature landscaping with great curb appeal. Significant upside in rental income.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM4

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Wood

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Carport

Carport Spaces 4

View Y/N No

Roof Type Composition

Accessibility Parking

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

School District Palo Alto Unified

Others

Tax ID 13239054

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brian Henry • Newmark Cornish & Carey
Bought with Art Sharif • Sotheby's Intl Rlty

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Kelly Corsino

Agent | License ID: 01704102

+1(949) 229-0019

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