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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

359 Leland Ave Palo Alto, CA 94306

2 Beds 2 Baths 1,494 sqft Built 1924
Last updated:  Dec 26, 2019

INVESTimate

$2,449,760

$2.08M - $2.82M

Price Est.

$4,310

$3.9K - $4.8K

Rent Est.

$2,804,730  ( +14.49%)   1 YR EST. FORECAST
  
  
  

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359 Leland Ave PROPERTY INFO

FACTS
  • Built In 1924
  • Price/Sqft : $1,639.73
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,494 sqft
  • Baths : 1 Full 1 Half

359 Leland Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ESCONDIDO ELEMENTARY SCHOOL Primary Regular 576 29 10
DAVID STARR JORDAN MIDDLE SCHOOL Middle Regular 1,012 62 10
PALO ALTO HIGH SCHOOL High Regular 1,887 104 10

ESCONDIDO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 576
  • # of teachers: 29
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

Evergreen Park

  • 2,089

    POPULATION
  • 1,065

    HOUSEHOLDS
  • 90.0%

    WHITE COLLAR

Neighborhood : Evergreen Park

HOUSEHOLDS
1,065
POPULATION

2,089

73.8%Renters
26.2%Home Owners
LABOR FORCE

 

90.0%White Collar
10.0%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 $4,310 per month.

MY RENT : $4,310 MEDIAN RENT : $4,313

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 $4,310 would therefore be considered affordable for annual household incomes greater than $172,400 (12 months x 3.333 x $4,310).

Rent % Affordability
Above $500 86.8%
Above $700 84.6%
Above $1,100 72.5%
Above $1,500 62.9%
Above $1,900 54.9%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $172,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,310 per month.

MINIMUM INCOME RANGE : $172,400

Income % Distribution
<$20K 13.2%
$20K-$35K 8.7%
$35K-$60K 15.2%
$60K-$100K 15.6%
>=$100K 47.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 13.0%
10-14 mins 9.9%
15-19 mins 11.2%
20-29 mins 38.5%
30-44 mins 9.9%
45-59 mins 7.9%
>60 mins 4.9%
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 $4,310 per month.

MY RENT : $4,310 MEDIAN RENT : $4,313

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 $4,310 would therefore be considered affordable for annual household incomes greater than $172,400 (12 months x 3.333 x $4,310).

Rent % Affordability
Above $500 86.8%
Above $700 84.6%
Above $1,100 72.5%
Above $1,500 62.9%
Above $1,900 54.9%
HOUSEHOLD INCOME RANGE

Approximately 157 of households in this neighborhood have a total annual income of $172,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,310 per month.

MINIMUM INCOME RANGE : $172,400

Income % Distribution
<$20K 13.2%
$20K-$35K 8.7%
$35K-$60K 15.2%
$60K-$100K 15.6%
>=$100K 47.3%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.7%
5-9 mins 13.0%
10-14 mins 9.9%
15-19 mins 11.2%
20-29 mins 38.5%
30-44 mins 9.9%
45-59 mins 7.9%
>60 mins 4.9%

Evergreen Park Demographics

INDUSTRY

Industry % Distribution
Educational Services 28.9%
Health Care & Social Assistance 4.7%
Information 4.4%
Manufacturing 15.2%
Professional & Scientific Tech Services 20.5%
Retail & Wholesale Trader 7.0%
Other 19.3%
AGE DISTRIBUTION

59% of the population is between the ages of 25 and 64, 23% is 24 or younger and 18% is 65 or older.

Age % Distribution
<15 12.4%
15-19 6.0%
20-24 4.2%
25-44 34.8%
45-65 24.5%
66+ 18.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 15.9%
Construction 14.8%
Education 3.0%
Legal 3.0%
Management, Business, & Financial 36.6%
Sales & Office 19.9%
Other 6.8%
HIGHEST EDUCATION LEVEL

62% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
Doctorate 23.1%
High School 8.9%
Masters Degree 24.2%
Professional 9.6%
Other 29.4%

359 Leland Ave Comps

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359 Leland Ave, Palo Alto, CA 94306 is a single family home of 1,494 sqft. HomeUnion INVESTimateĀ® for 359 Leland Ave includes a Price Estimate of $2,449,760 and a Rent Estimate of $4,310. This single family home has 2 bedrooms,2 bathrooms, and was built in 1924. This property has an estimated 15 year annualized Yield of 2.11% and Total Return of 26.64%. The estimated 1 year forecast in home value for 359 Leland Ave is 14.49%.

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 94306 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

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  5. 94025