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DEVELOPMENT OR 3 UNIT INCOME PROPERTY

Exceptional Palo Alto Home

$3,400,000

Floor Plans

About this home's

Features

beds

3

baths

3

Interior

3

Lot

3

  1. Property information

 

Address:  110, 112, 114 Seale Avenue, Palo Alto, Old Palo Alto

Type of Property:  Duplex at garage and single family home, zoned RM 20

Square footage of property:  Approximately 7,500 square feet

Square footage of units:  3290 sf as measured by Floor Plan Visuals



Number of units:  3

 

2  Income Projections:

 

Monthly rent:  

110 Seale Avenue:  $4690.00

112 Seale Avenue:  $3490.00

114 Seale Avenue:  $3490.00

 

Annual Income:  $140,040.00

 

  1. Annual Operating Expenses

 

Property Management Fees:  $14004.00

Utilities–gas and water:  $1869.26 (2023)  Gas and water not separately metered for 112 and 114.  Front house pays own utilities and is separately metered

Property Tax:  $8536.46 (2023)

Homeowners Insurance:  $2482.92

Landscape Maintenance:  $1800.00

 

Total:  $28,692.64

 

  1. NOI:  $111,348.00

 

  1. Debt Service:  $475,000

 

Details of each unit

110 Seale:  3 bed/1 bath; 1280 sf; kitchen, bath updated 2013-2014. New heat pump and AC 2020-2021.  New roof 2024.  Replace main sewer line to street: 2022.

112 Seale:  2 bed/1 bath.  870 sf.  Includes back yard and 2 car garage.  Kitchen and bath updated 2013-2014.

114 Seale:  2 bed/ 1 bath, 1140 sf includes enclosed finished porch.1 car garage. Kitchen and bath updated 2009-2010.

This exceptional multi-family rental property, 110-114 Seale, provides a unique opportunity to invest in a charming home and rental units in esteemed Old Palo Alto, a highly prized location with beautiful tree lined streets and an abundance of parks.  Located near top ranked Palo Alto schools, Stanford University, excellent shopping, and convenient transportation.  Three updated rental units including a charming single family home at the front of the property, plus a duplex at the rear which boasts a lovely patio area downstairs and an enclosed sunroom that runs the length of the residence upstairs.  There are three garage bays, and laundry for the duplex is located within.  The home at the front of the property has its own laundry and is separately metered.  Live in the front home, and rent out the others to pay your mortgage!  110 Seale is a 3 bed/1 bath, 112 and 114 Seale are both 2 bed/1 bath

get in touch

Schedule

Viewings by Appointment Only to Qualified Buyers.

Showings by Appointment:
Contact Lynn Wilson Roberts
(650) 255-6987
[email protected]

Lynn Wilson Roberts

Compass

SRES, e-Pro, GREEN, QSC, CRS, ASP

Creativity. Empathy. Experience.

DRE# 01814885

650.255.6987 mobile

www.WilsonRoberts.com

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Neighborhood Gallery

110 Seale Avenue

Palo Alto has a lot to offer its residents, including tree-lined streets, a thriving downtown, a plethora of parks and open space for recreation, and excellent public schools. The city’s location next to the Stanford University campus gives residents easy access to lectures, extension courses, and other educational opportunities.
The city of about 66,000 incorporated in 1894 and got its name from a 1,000-year-old redwood tree along San Francisquito Creek. Palo Alto residents are highly educated, with nearly 80 percent of those 25 and older holding at least a bachelor’s degree, according to 2013 United States Census Bureau estimates. The median household income is $122,532. Forbes ranked Palo Alto's 94301 ZIP code 24th on its 2014 list of Most Expensive ZIP Codes, with a median home sales price of $3,525,837.


Open-space areas account for nearly one-third of the approximately 25-square-mile city, which boasts more than 30 municipal parks. Only residents and their guests may access the 1,400-acre Foothills Park on Page Mill Road. The city has one of the most active downtowns on the Peninsula, and an array of restaurants and shops line University Avenue and California Avenue. The Stanford Shopping Center is also a popular destination for retail and dining. Free parking is available in municipal lots downtown.


Numerous tech companies are headquartered in Palo Alto, including Hewlett-Packard and Tesla Motors. Many prominent Web businesses and brands, such as Facebook, Pinterest, and PayPal, got their start in the city.