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SOLD 6/3/2021

1311 College Avenue, Palo Alto, CA 94306$2,960,000

4
beds
--
bath
1788
ft2
· 6038
ft2 lot
$1,655 / ft2

Listing provided courtesy of Listing Broker: Bryan Danforth, Newmark Cornish & Carey
Source bridgeMLS;
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Duplex with two separate updated 2-bedroom, 1-bath houses on a single lot in a prime Palo Alto location. 1 block from Stanford, 1 block from the Stanford Research Park in College Terrace. Updated kitchens and bathrooms, all dual pane windows, forced air heat (one unit has central A/C too), hardwood floors and new paint, recessed lighting, in-unit laundry. 2220 Hanover is currently rented for $3600 with a lease expiring 8/14/2021. 1311 College was previously rented for $4400, but is currently vacant and can be shown with PEAD form and lockbox key code.

HOA

$—/month

On market

6 days

Year built

1949

Property type

Duplex

Parking

2

MLS

ML81844357

Price / Sq.Ft.

$1,655 / ft2

Status

Sold

Home details for 1311 College Avenue

Interior Features & Layout
Heating & Cooling
•   
Heating Details: Forced Air 1 Zone
Rooms Info
•   
Unit 2 Beds: 2, 2
Property, Lot, Community & Exterior Features
Community Info
•   
Total Units In Complex: 2
Building Info
•   
Building Type: DUPLEX
•   
Mls Prop Type: DUPLEX
•   
Roof: Composition Shingles
•   
Building Age: 1617, 72
•   
Unit 2 Sqft: 869
•   
Unit 1 Sqft: 919
Lot Info
•   
Zoning: R1
•   
Acres: 0.14
Exterior Features
•   
Building Exterior Details: Dual Pane Windows
Property Type
•   
Mls Property Type: RESIDENTIAL INCOME
Utilities & Other Information
Other
•   
Fips Code: 06085
Water & Sewer Info
•   
Water / Sewer: Sewer System - Public, Water - Public
Listing Details, Costs & Financing Information
Financial Info
•   
Finances Source: Estimated
•   
Misc Income Annual: 35174
•   
Gross Income: 91200
•   
Sale Financing Terms: Cash
•   
Operating Expense Details: Vacancy Factor
Lease Info
•   
Net Operating Income: 49342
•   
Monthly Rent Unit 1: 3600
•   
Monthly Rent Unit 2: 4400
•   
Utilities Paid By Tenant: Electric, Gas, Trash, Water
•   
Rental Income Annual: 91200
Listing Info
•   
Status Category: Sold
•   
Status: Sold
Terms
•   
Existing Lease Terms: Written Agreement
•   
Sale Or Rent: For Sale
Listing Details
•   
Exchange For
Listing Contacts
•   
Listing Agent Usercode: MLL5067042
•   
Listing Agent First Name: Bryan
•   
Listing Agent Last Name: Danforth
Tax/Assessment Info
•   
Tax Year: 2020
•   
Taxes: 9438.0
•   
Apn: 137-05-054
School Neighborhood & Directions
Location
•   
Cross Street: 2220 Hanover St
•   
Filtered Address: 1311 College AVE
•   
Address: 1311 College Avenue
•   
Address Search Number: 1311
Other
Other
•   
Other (3) Description: 378044
Calculation
•   
Cdom Mls: 7
•   
Cdom: 6, 7

Neighborhood snapshot

33
Properties for sale
8
Median days on market
$1584.76
Median sold price/sqft
107.66%
Sold/List %
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Property History for 1311 College Avenue

06/03/2021
06/03/2021
Public Record
sold
Public Record
$2,960,000
--0.94%
06/03/2021
06/03/2021
CRMLS #ML81844357
sold
CRMLS #ML81844357
$2,988,000
05/24/2021
05/24/2021
CRMLS #ML81844357
pending
CRMLS #ML81844357
$2,988,000
05/18/2021
05/18/2021
CRMLS #ML81844357
active
CRMLS #ML81844357
$2,988,000
+564.00%
10/03/1991
10/03/1991
Public Record
sold
Public Record
$450,000

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