Sell Your Property

Easily Access a network of motivated buyers
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.

...MORE

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.

440 Olive Ave Palo Alto, CA 94306

4 Beds 5 Baths 4,219 sqft Built 1949
Last updated:  Dec 26, 2019

INVESTimate

$5,163,484

$4.39M - $5.94M

Price Est.

$9,224

$8.3K - $10.2K

Rent Est.

$5,732,500  ( +11.02%)   1 YR EST. FORECAST

440 Olive Ave PROPERTY INFO

FACTS
  • Built In 1949
  • Price/Sqft : $1,223.86
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,219 sqft
  • Baths : 4 Full 1 Half
PROPERTY DESCRIPTION
440 Olive Ave, Palo Alto, CA 94306 is a single family home of 4,219 sqft. HomeUnion estimate for 440 Olive Ave includes a Price Estimate of $5,163,484 and a Rent Estimate of $9,224. This single family home has 4 bedrooms, 5 bathrooms, and was built in 1949. This property has an estimated 15 year annualized Yield of 2.14% and Total Return of 21.35%. The estimated 1 year forecast in home value for 440 Olive Ave is 11.02%.
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 3301 HENDERSON MILL ROAD Atlanta, GA
    • 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units 3 beds 2 baths ∙ 1,348 Sqft ∙ Built 1969 ∙ 1units
    AVAILABLE fmls
    • 13.98% GROSS YIELD
    • $7,359 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $170,000
    • $50,800
    • $1,980
  • 1147 W ROSEWOOD AVE San Antonio, TX
    • 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units 2 beds 2 baths ∙ 1,006 Sqft ∙ Built 1920 ∙ 2units
    AVAILABLE
    • 12.70% GROSS YIELD
    • $12,932 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $189,023
    • $61,591
    • $2,000
  • 2032 GLENRIDGE DRIVE Indianapolis, IN
    • 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units 4 beds 1 baths ∙ 1,820 Sqft ∙ Built 1949 ∙ 1units
    AVAILABLE
    • 12.40% GROSS YIELD
    • $5,248 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $90,000
    • $29,600
    • $930
  • 6980 MERRYWOOD DRIVE Fairburn, GA
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1978 ∙ 1units
    AVAILABLE fmls
    • 12.00% GROSS YIELD
    • $10,782 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $140,000
    • $42,850
    • $1,400

440 Olive Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BARRON PARK ELEMENTARY SCHOOL Primary Regular 335 19 9
TERMAN MIDDLE SCHOOL Middle Regular 662 42 10
HENRY M. GUNN HIGH SCHOOL High Regular 1,854 103 10

BARRON PARK ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 335
  • # of teachers: 19
9
GreatSchools Rating

TERMAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 662
  • # of teachers: 42
10
GreatSchools Rating

HENRY M. GUNN HIGH SCHOOL

  • Education Level: High
  • # of students: 1,854
  • # of teachers: 103
10
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Ventura

  • 3,050

    POPULATION
  • 1,184

    HOUSEHOLDS
  • 92.1%

    WHITE COLLAR

Neighborhood : Ventura

HOUSEHOLDS
1,184
POPULATION

3,050

67.8%Renters
32.2%Home Owners
LABOR FORCE

 

92.1%White Collar
7.9%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 $9,224 per month.

MY RENT : $9,224 MEDIAN RENT : $4,787

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 $9,224 would therefore be considered affordable for annual household incomes greater than $368,960 (12 months x 3.333 x $9,224).

Rent % Affordability
Above $500 88.4%
Above $700 76.7%
Above $1,100 69.8%
Above $1,500 59.8%
Above $1,900 48.1%
HOUSEHOLD INCOME RANGE

Approximately -239 of households in this neighborhood have a total annual income of $368,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $9,224 per month.

MINIMUM INCOME RANGE : $368,960

Income % Distribution
<$20K 11.6%
$20K-$35K 15.9%
$35K-$60K 12.7%
$60K-$100K 17.3%
>=$100K 42.5%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 22% 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 0.5%
5-9 mins 7.0%
10-14 mins 14.0%
15-19 mins 29.4%
20-29 mins 20.5%
30-44 mins 15.5%
45-59 mins 8.1%
>60 mins 5.0%
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 $9,224 per month.

MY RENT : $9,224 MEDIAN RENT : $4,787

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 $9,224 would therefore be considered affordable for annual household incomes greater than $368,960 (12 months x 3.333 x $9,224).

Rent % Affordability
Above $500 88.4%
Above $700 76.7%
Above $1,100 69.8%
Above $1,500 59.8%
Above $1,900 48.1%
HOUSEHOLD INCOME RANGE

Approximately -239 of households in this neighborhood have a total annual income of $368,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $9,224 per month.

MINIMUM INCOME RANGE : $368,960

Income % Distribution
<$20K 11.6%
$20K-$35K 15.9%
$35K-$60K 12.7%
$60K-$100K 17.3%
>=$100K 42.5%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 22% 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 0.5%
5-9 mins 7.0%
10-14 mins 14.0%
15-19 mins 29.4%
20-29 mins 20.5%
30-44 mins 15.5%
45-59 mins 8.1%
>60 mins 5.0%

Ventura Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.3%
Health Care & Social Assistance 16.5%
Information 11.6%
Manufacturing 5.8%
Professional & Scientific Tech Services 23.7%
Retail & Wholesale Trader 10.5%
Other 17.6%
AGE DISTRIBUTION

62% of the population is between the ages of 25 and 64, 31% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 13.7%
15-19 12.0%
20-24 5.5%
25-44 36.3%
45-65 26.0%
66+ 6.6%
OCCUPATION

Occupation % Distribution
Computer Engineering 33.3%
Construction 10.7%
Education 3.9%
Healthcare 6.9%
Management, Business, & Financial 21.9%
Sales & Office 12.7%
Other 10.5%
HIGHEST EDUCATION LEVEL

43% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 14.5%
High School 7.6%
Masters Degree 18.9%
Some College 15.1%
Some High School 8.7%
Other 35.2%

440 Olive Ave Comps

Sorry, we do not have sufficient data available.

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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 94301
  2. 94305
  3. 94304
  4. 94303
  5. 94040
  6. 94022