Rarely Available Downtown Palo Alto Duplexes! For Sale

Rarely available downtown Palo Alto duplexes!

738-740 Webster and 746-750 Webster are two side-by-side downtown Palo Alto duplexes. Just two blocks to vibrant University Avenue, these duplexes offer a unique opportunity for owner-occupants and reliable income with upside potential for investors who appreciate the magnetism and stability of Palo Alto real estate!

Co-listed with Jamie D’Alessandro, Cassidy-Turley (650) 248-5099, jdalessandro@ctbt.com

738-740 Webster

738 Webster, a multi-level 3 bedroom/2 bathroom apartment, is accessed by a street-level entrance that leads to a stairway opening to a dramatic great room that includes an open living dining room with fireplace, and an updated kitchen with access to a large outdoor terrace. There are two bedrooms and an updated bath on the main floor. The master bedroom with remodeled bath, walk-in closet and attic alcove are on the upper level. Approximate living area is 1,550 sq. ft.

740 Webster is an updated one-level unit with 2 bedrooms, 2 bathroom plus den. Features include hardwood floors, a living room with fireplace and an abundance of windows for a sunny interior. Approximate living area is 1,220 sq. ft.

Offered at $1,995,000

746-750 Webster

746 Webster is a one-level apartment at the back of the building. The updated unit offers 3 bedrooms and 2 baths and the living/dining room open to a sunny, private garden area. Approximate living area is 1,300 sq. ft.

750 Webster is a two-level unit accessed at the street level. The lower level features a bedroom/bath suite and a one-car garage. An elevator and a stairway lead to a spacious living room with a fireplace flanked by built-in shelving. There is an adjoining large separate dining room with built-in buffet. Features include hardwood floors, crown molding, plantation shutters and an inviting, sunny terrace. Additionally there are 3 bedrooms and 2 updated baths as well as a remodeled kitchen. Approximate living area is 2,766 sq. ft.

Offered at $2,495,000

(Information deemed reliable, but not guaranteed. Agents have not verified square footage)

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WEBSTER DUPLEXES FINANCIALS

738-740 Webster 746-750 Webster

Rental Income $108,000 $123,600

Expenses

Repairs & Maintenance (Estimated) $ 450 $ 500

Utilities (Actual) $ 1,702 $ 3,211

Landscaping (Actual) $ 780 $ 780

Property Taxes (Actual – new) $ 23,335 $ 29,007

Insurance (Quote) $ 1,112 $ 1,322

Total Expenses $ 27,379 $ 34,820

Net Operating Income $ 80,621 $88,780

Thirty five miles south of San Francisco and fourteen miles north of San Jose, Palo Alto is one of Santa Clara County's most prestigious addresses. Home to many Silicon Valley companies and Stanford University, Palo Alto residents enjoy all that a university town offers and reflects the vibrancy and texture of a 100+ year old city entrenched in a sense of community and appreciation of the diversity of its population of over 60,000 people.

Tree-lined streets, pride of ownership throughout beautiful neighborhoods, an award-winning public school system, 30 city parks, many cultural and recreational venues, a colorful downtown, plus the popular Stanford Shopping Center, and incredible moderate climate.... all reasons Palo Alto residential real estate is hard to come by. For many decades demand has out-paced supply for the buyers desiring to live in this stimulating community. The city encompasses an area of approximately twenty-six square miles, of which one third is open space.

For further information on an individual school and district school scores, visit http://www.greatschools.net

Resources
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