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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

559 Loma Verde Ave Palo Alto, CA 94306

3 Beds 1 Baths 1,081 sqft Built 1951
Last updated:  Jun 30, 2018

INVESTimate

$2,045,278

$1.93M - $2.16M

Price Est.

$4,361

$4.0K - $4.8K

Rent Est.

$2,239,375  ( +9.49%)   1 YR EST. FORECAST
  
  
  

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559 Loma Verde Ave PROPERTY INFO

FACTS
  • Built In 1951
  • Price/Sqft : $1,892.02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,081 sqft
  • Baths : 1 Full

559 Loma Verde Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EL CARMELO ELEMENTARY SCHOOL Primary Regular 415 19 10
JANE LATHROP STANFORD MIDDLE SCHOOL Middle Regular 1,003 63 10
HENRY M. GUNN HIGH SCHOOL High Regular 1,854 103 10

EL CARMELO ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 415
  • # of teachers: 19
10
GreatSchools Rating

JANE LATHROP STANFORD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,003
  • # of teachers: 63
10
GreatSchools Rating

HENRY M. GUNN HIGH SCHOOL

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

Financial Details

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Neighborhood

Midtown Palo Alto

  • 10,511

    POPULATION
  • 3,805

    HOUSEHOLDS
  • 94.7%

    WHITE COLLAR

Neighborhood : Midtown Palo Alto

HOUSEHOLDS
3,805
POPULATION

10,511

39.5%Renters
60.5%Home Owners
LABOR FORCE

 

94.7%White Collar
5.3%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 $4,361 per month.

MY RENT : $4,361 MEDIAN RENT : $5,800

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 $4,361 would therefore be considered affordable for annual household incomes greater than $174,440 (12 months x 3.333 x $4,361).

Rent % Affordability
Above $500 92.7%
Above $700 89.7%
Above $1,100 86.0%
Above $1,500 80.4%
Above $1,900 72.6%
HOUSEHOLD INCOME RANGE

Approximately 765 of households in this neighborhood have a total annual income of $174,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,361 per month.

MINIMUM INCOME RANGE : $174,440

Income % Distribution
<$20K 7.3%
$20K-$35K 5.7%
$35K-$60K 6.7%
$60K-$100K 13.9%
>=$100K 66.5%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 14.5%
15-19 mins 17.6%
20-29 mins 32.6%
30-44 mins 18.8%
45-59 mins 2.3%
>60 mins 5.3%
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 $4,361 per month.

MY RENT : $4,361 MEDIAN RENT : $5,800

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 $4,361 would therefore be considered affordable for annual household incomes greater than $174,440 (12 months x 3.333 x $4,361).

Rent % Affordability
Above $500 92.7%
Above $700 89.7%
Above $1,100 86.0%
Above $1,500 80.4%
Above $1,900 72.6%
HOUSEHOLD INCOME RANGE

Approximately 765 of households in this neighborhood have a total annual income of $174,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,361 per month.

MINIMUM INCOME RANGE : $174,440

Income % Distribution
<$20K 7.3%
$20K-$35K 5.7%
$35K-$60K 6.7%
$60K-$100K 13.9%
>=$100K 66.5%
COMMUTE TIME DISTRIBUTION

69% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.1%
5-9 mins 7.7%
10-14 mins 14.5%
15-19 mins 17.6%
20-29 mins 32.6%
30-44 mins 18.8%
45-59 mins 2.3%
>60 mins 5.3%

Midtown Palo Alto Demographics

INDUSTRY

Industry % Distribution
Educational Services 15.3%
Health Care & Social Assistance 12.9%
Information 7.7%
Manufacturing 15.4%
Professional & Scientific Tech Services 24.7%
Retail & Wholesale Trader 6.9%
Other 16.9%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 31% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 22.0%
15-19 5.2%
20-24 3.6%
25-44 27.2%
45-65 29.1%
66+ 12.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 25.9%
Construction 9.6%
Healthcare 8.9%
Legal 3.9%
Management, Business, & Financial 34.6%
Sales & Office 8.7%
Other 8.4%
HIGHEST EDUCATION LEVEL

58% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.6%
Doctorate 15.2%
Masters Degree 30.4%
Professional 8.3%
Some College 8.8%
Other 32.8%

559 Loma Verde Ave Comps

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559 Loma Verde Ave, Palo Alto, CA 94306 is a single family home of 1,081 sqft. HomeUnion INVESTimate® for 559 Loma Verde Ave includes a Price Estimate of $2,045,278 and a Rent Estimate of $4,361. This single family home has 3 bedrooms,1 bathrooms, and was built in 1951. This property has an estimated 15 year annualized Yield of 2.56% and Total Return of 15.34%. The estimated 1 year forecast in home value for 559 Loma Verde Ave 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 94306 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2