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468 Margarita AVE Palo Alto, CA 94306
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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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Bought with Art Sharif • Sotheby's Intl Rlty