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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1259 Pine St Palo Alto, CA 94301

3 Beds 2 Baths 1,400 sqft Built 1954
Last updated:  Jun 30, 2018

INVESTimate

$3,821,371

$3.63M - $4.01M

Price Est.

$6,311

$5.7K - $6.9K

Rent Est.

$4,184,019  ( +9.49%)   1 YR EST. FORECAST
  
  
  

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1259 Pine St PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $2,729.55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 Full

1259 Pine St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALTER HAYS ELEMENTARY SCHOOL Primary Regular 536 28 10
DAVID STARR JORDAN MIDDLE SCHOOL Middle Regular 1,012 62 10
PALO ALTO HIGH SCHOOL High Regular 1,887 104 10

WALTER HAYS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 28
10
GreatSchools Rating

DAVID STARR JORDAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,012
  • # of teachers: 62
10
GreatSchools Rating

PALO ALTO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,887
  • # of teachers: 104
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Community Center

  • 1,276

    POPULATION
  • 400

    HOUSEHOLDS
  • 92.6%

    WHITE COLLAR

Neighborhood : Community Center

HOUSEHOLDS
400
POPULATION

1,276

27.9%Renters
72.1%Home Owners
LABOR FORCE

 

92.6%White Collar
7.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $6,311 per month.

MY RENT : $6,311 MEDIAN RENT : $7,303

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $6,311 would therefore be considered affordable for annual household incomes greater than $252,440 (12 months x 3.333 x $6,311).

Rent % Affordability
Above $500 99.2%
Above $700 96.1%
Above $1,100 95.2%
Above $1,500 94.7%
Above $1,900 84.9%
HOUSEHOLD INCOME RANGE

Approximately -3 of households in this neighborhood have a total annual income of $252,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $6,311 per month.

MINIMUM INCOME RANGE : $252,440

Income % Distribution
<$20K 0.8%
$20K-$35K 4.0%
$35K-$60K 0.5%
$60K-$100K 16.8%
>=$100K 77.9%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 6.1%
10-14 mins 15.8%
15-19 mins 17.6%
20-29 mins 22.5%
30-44 mins 13.3%
45-59 mins 7.0%
>60 mins 13.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $6,311 per month.

MY RENT : $6,311 MEDIAN RENT : $7,303

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $6,311 would therefore be considered affordable for annual household incomes greater than $252,440 (12 months x 3.333 x $6,311).

Rent % Affordability
Above $500 99.2%
Above $700 96.1%
Above $1,100 95.2%
Above $1,500 94.7%
Above $1,900 84.9%
HOUSEHOLD INCOME RANGE

Approximately -3 of households in this neighborhood have a total annual income of $252,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $6,311 per month.

MINIMUM INCOME RANGE : $252,440

Income % Distribution
<$20K 0.8%
$20K-$35K 4.0%
$35K-$60K 0.5%
$60K-$100K 16.8%
>=$100K 77.9%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 21% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.0%
5-9 mins 6.1%
10-14 mins 15.8%
15-19 mins 17.6%
20-29 mins 22.5%
30-44 mins 13.3%
45-59 mins 7.0%
>60 mins 13.7%

Community Center Demographics

INDUSTRY

Industry % Distribution
Educational Services 12.6%
Financial Industries 10.1%
Health Care & Social Assistance 14.4%
Information 13.4%
Manufacturing 14.0%
Professional & Scientific Tech Services 19.7%
Other 15.8%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 35% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 25.0%
15-19 3.9%
20-24 6.0%
25-44 23.2%
45-65 27.7%
66+ 14.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 13.8%
Construction 10.0%
Healthcare 9.3%
Legal 13.3%
Management, Business, & Financial 29.9%
Sales & Office 11.0%
Other 12.6%
HIGHEST EDUCATION LEVEL

61% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.8%
Doctorate 11.2%
Masters Degree 35.5%
Professional 10.4%
Some College 5.3%
Other 33.7%

1259 Pine St Comps

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1259 Pine St, Palo Alto, CA 94301 is a single family home of 1,400 sqft. HomeUnion INVESTimate® for 1259 Pine St includes a Price Estimate of $3,821,371 and a Rent Estimate of $6,311. This single family home has 3 bedrooms,2 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 1.98% and Total Return of 12.64%. The estimated 1 year forecast in home value for 1259 Pine St is 9.49%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CA, SANTA CLARA County, or the 94301 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2