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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

723 Colorado Ave Palo Alto, CA 94303

2 Beds 1 Baths 936 sqft Built 1940
Last updated:  Dec 26, 2019

INVESTimate

$1,781,757

$1.51M - $2.05M

Price Est.

$3,937

$3.6K - $4.3K

Rent Est.

$2,039,043  ( +14.44%)   1 YR EST. FORECAST
  
  
  

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723 Colorado Ave PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $1,903.59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 936 sqft
  • Baths : 1 Full

723 Colorado 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
PALO ALTO HIGH SCHOOL High Regular 1,887 104 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

PALO ALTO HIGH SCHOOL

  • Education Level: High
  • # of students: 1,887
  • # of teachers: 104
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 $3,937 per month.

MY RENT : $3,937 MEDIAN RENT : $5,803

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 $3,937 would therefore be considered affordable for annual household incomes greater than $157,480 (12 months x 3.333 x $3,937).

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 937 of households in this neighborhood have a total annual income of $157,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,937 per month.

MINIMUM INCOME RANGE : $157,480

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 $3,937 per month.

MY RENT : $3,937 MEDIAN RENT : $5,803

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 $3,937 would therefore be considered affordable for annual household incomes greater than $157,480 (12 months x 3.333 x $3,937).

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 937 of households in this neighborhood have a total annual income of $157,480 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,937 per month.

MINIMUM INCOME RANGE : $157,480

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%

723 Colorado Ave Comps

Sorry, we do not have sufficient data available.

723 Colorado Ave, Palo Alto, CA 94303 is a single family home of 936 sqft. HomeUnion INVESTimateĀ® for 723 Colorado Ave includes a Price Estimate of $1,781,757 and a Rent Estimate of $3,937. This single family home has 2 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 2.65% and Total Return of 28.06%. The estimated 1 year forecast in home value for 723 Colorado Ave is 14.44%.

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 94303 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 94306
  2. 94301
  3. 94305
  4. 94040
  5. 94304
  6. 94025
  7. 94043