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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

820 Chimalus Dr Palo Alto, CA 94306

2 Beds 2 Baths 1,082 sqft Built 1954
Last updated:  Dec 26, 2019

INVESTimate

$3,446,671

$2.93M - $3.96M

Price Est.

$4,336

$3.9K - $4.8K

Rent Est.

$3,741,706  ( +8.56%)   1 YR EST. FORECAST
  
  
  

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820 Chimalus Dr PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $3,185.46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,082 sqft
  • Baths : 1 Full 1 Half

820 Chimalus Dr 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

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Neighborhood

Barron Park

  • 4,407

    POPULATION
  • 1,498

    HOUSEHOLDS
  • 89.8%

    WHITE COLLAR

Neighborhood : Barron Park

HOUSEHOLDS
1,498
POPULATION

4,407

33.5%Renters
66.5%Home Owners
LABOR FORCE

 

89.8%White Collar
10.2%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 $4,336 per month.

MY RENT : $4,336 MEDIAN RENT : $6,037

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 $4,336 would therefore be considered affordable for annual household incomes greater than $173,440 (12 months x 3.333 x $4,336).

Rent % Affordability
Above $500 97.3%
Above $700 95.6%
Above $1,100 90.9%
Above $1,500 80.4%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 270 of households in this neighborhood have a total annual income of $173,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,336 per month.

MINIMUM INCOME RANGE : $173,440

Income % Distribution
<$20K 2.7%
$20K-$35K 5.3%
$35K-$60K 11.6%
$60K-$100K 21.5%
>=$100K 58.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 15.0%
15-19 mins 19.3%
20-29 mins 24.4%
30-44 mins 13.7%
45-59 mins 8.1%
>60 mins 6.6%
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 $4,336 per month.

MY RENT : $4,336 MEDIAN RENT : $6,037

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 $4,336 would therefore be considered affordable for annual household incomes greater than $173,440 (12 months x 3.333 x $4,336).

Rent % Affordability
Above $500 97.3%
Above $700 95.6%
Above $1,100 90.9%
Above $1,500 80.4%
Above $1,900 71.0%
HOUSEHOLD INCOME RANGE

Approximately 270 of households in this neighborhood have a total annual income of $173,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,336 per month.

MINIMUM INCOME RANGE : $173,440

Income % Distribution
<$20K 2.7%
$20K-$35K 5.3%
$35K-$60K 11.6%
$60K-$100K 21.5%
>=$100K 58.9%
COMMUTE TIME DISTRIBUTION

57% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 15% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.9%
10-14 mins 15.0%
15-19 mins 19.3%
20-29 mins 24.4%
30-44 mins 13.7%
45-59 mins 8.1%
>60 mins 6.6%

Barron Park Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.6%
Health Care & Social Assistance 12.3%
Information 8.2%
Manufacturing 10.0%
Professional & Scientific Tech Services 22.9%
Retail & Wholesale Trader 10.7%
Other 20.4%
AGE DISTRIBUTION

50% 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 22.4%
15-19 5.9%
20-24 6.9%
25-44 25.3%
45-65 25.1%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 29.1%
Construction 4.5%
Education 9.1%
Healthcare 9.1%
Management, Business, & Financial 21.9%
Sales & Office 15.7%
Other 10.6%
HIGHEST EDUCATION LEVEL

54% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 11.0%
High School 7.8%
Masters Degree 32.0%
Professional 8.1%
Some College 10.7%
Other 30.4%

820 Chimalus Dr Comps

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820 Chimalus Dr, Palo Alto, CA 94306 is a single family home of 1,082 sqft. HomeUnion INVESTimateĀ® for 820 Chimalus Dr includes a Price Estimate of $3,446,671 and a Rent Estimate of $4,336. This single family home has 2 bedrooms,2 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 1.51% and Total Return of 13.45%. The estimated 1 year forecast in home value for 820 Chimalus Dr is 8.56%.

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

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