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, email@example.com
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 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
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