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Sold for $3,631,750
  • $3,631,750

    412 Leland Ave, Palo Alto, CA 94306

    9beds
    6baths
    3,293sqft
    Quadruplex, Residential Income
    Built in 1910
    -- sqft lot
    $3,456,400 Zestimate®
    $1,103/sqft
    $3,988 Estimated rent

    Home value

    $3,456,400

    $3.08M - $3.87M

    $3,988/mo

    Zestimate® history
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    $23,193/mo

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    $23,193/mo

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    What's special

    Nightlife districtHistoric neighborhoodsVarian medical systems
    408-412 Leland Ave is a stunning 5*-unit investment opportunity located across the street from the globally recognized Stanford University Campus in the thriving city of Palo Alto, California. Situated on a 5,000-square-foot parcel of land, the subject property was originally constructed in 1910 and has a gross building area of approximately 3,293 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. Additionally, investors have the opportunity to further increase cash flow through developing a two-bedroom two-bathroom ADU. 408-412 Leland Ave is well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of "Top 100 Best Places to Live in America". The subject property offers renters closer proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Cloudera, Visa, Sony as well as many others.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cole Simpson 02016525 650-888-7696,

    Marcus & Millichap 650-391-1700,

    Robert Johnston 01853816 510-304-8077,

    Marcus & Millichap

    Bought with:

    Susan Sims, 01408349

    The Agency

    Source: MLSListings Inc,MLS#: ML81952083MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    Heating
    • Wall Furnace
    Cooling
    • None
    Features
    • Doors: None
    Interior area
    • Total structure area: 3,293
    • Total interior livable area: 3,293 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Off Street
    • Garage spaces: 2
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Stories: 2
    Lot
    • Size: 4,792 Square Feet
    Details
    • Parcel number: 12430042
    • Zoning: RM2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Residential Income
    Materials
    • Foundation: Wood Frame
    • Roof: Shingle
    Condition
    • Year built: 1910

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    Location
    • Region: Palo Alto

    Financial & listing details

    • Price per square foot: $1,103/sqft
    • Tax assessed value: $3,778,472
    • Annual tax amount: $45,122
    • Date on market: 1/22/2024
    • Listing agreement: ExclusiveAgency
    • Inclusions: Building, FurnishedSomeUnits, Land
    • Lease term: Month To Month

    Price history

    DateEventPrice
    3/14/2024Sold$3,631,750-3.2%$1,103/sqft
    Source: MLSListings Inc #ML81952083 Report a problem
    3/14/2024Pending sale$3,750,000$1,139/sqft
    Source: MLSListings Inc #ML81952083 Report a problem
    1/22/2024Listed for sale$3,750,000+27.1%$1,139/sqft
    Source: MLSListings Inc #ML81952083 Report a problem
    12/30/2022Sold$2,950,000-20.3%$896/sqft
    Source: Public Record Report a problem
    7/9/2019Sold$3,700,000+740.9%$1,124/sqft
    Source: MLSListings Inc #ML81756958 Report a problem
    2/27/1998Sold$440,000$134/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $3,778,472 +2%
    2025$45,559 +25.3%$3,704,385 +23.1%
    2024$36,366 +1.5%$3,009,000 +2%
    2023$35,833 -22.7%$2,950,000 -22.6%
    2022$46,384 +2%$3,813,098 +2%
    2021$45,472 +2.1%$3,738,332 +1%
    2020$44,524 $3,700,000 +378.7%
    2019$44,524 +351.1%$772,944 +2%
    2018$9,869 $757,790 +2%
    2017$9,869 +1.8%$742,932 +2%
    2016$9,695 +3.8%$728,365 +1.5%
    2015$9,341 +2.8%$717,426 +2%
    2014$9,086 $703,373 +0.5%
    2013-- $700,195 +2%
    2012-- $686,466 +2%
    2011-- $673,007 +0.8%
    2010-- $667,979 -0.2%
    2009-- $669,567 +2%
    2008-- $656,439 +2%
    2007-- $643,569 +2%
    2006-- $630,951 +2%
    2005-- $618,580 +2%
    2004-- $606,452 +1.9%
    2003-- $595,338 +2%
    2002-- $583,666 +2%
    2001-- $572,223
    Find assessor info on the county website

    Neighborhood: Evergreen Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: PaloAltoUnified

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $3,456,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,456,400