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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

890 N California Ave Palo Alto, CA 94303

5 Beds 4 Baths 3,159 sqft Built 1965
Last updated:  Dec 26, 2019

INVESTimate

$4,022,252

$3.42M - $4.63M

Price Est.

$8,967

$8.1K - $9.8K

Rent Est.

$4,826,702  ( +20%)   1 YR EST. FORECAST
  
  
  

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890 N California Ave PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $1,273.27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,159 sqft
  • Baths : 3 Full 1 Half

890 N California Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALTER HAYS ELEMENTARY SCHOOL Primary Regular 536 28 10
DAVID STARR JORDAN MIDDLE SCHOOL Middle Regular 1,012 62 10
PALO ALTO HIGH SCHOOL High Regular 1,887 104 10

WALTER HAYS ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 536
  • # of teachers: 28
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

Leland Manor - Embarcadero Oaks - Garland Drive

  • 1,396

    POPULATION
  • 452

    HOUSEHOLDS
  • 93.4%

    WHITE COLLAR

Neighborhood : Leland Manor - Embarcadero Oaks - Garland Drive

HOUSEHOLDS
452
POPULATION

1,396

16.0%Renters
84.0%Home Owners
LABOR FORCE

 

93.4%White Collar
6.6%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 $8,967 per month.

MY RENT : $8,967 MEDIAN RENT : $7,059

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 $8,967 would therefore be considered affordable for annual household incomes greater than $358,680 (12 months x 3.333 x $8,967).

Rent % Affordability
Above $500 94.4%
Above $700 91.0%
Above $1,100 87.4%
Above $1,500 85.1%
Above $1,900 82.0%
HOUSEHOLD INCOME RANGE

Approximately -152 of households in this neighborhood have a total annual income of $358,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,967 per month.

MINIMUM INCOME RANGE : $358,680

Income % Distribution
<$20K 5.6%
$20K-$35K 6.2%
$35K-$60K 3.1%
$60K-$100K 7.1%
>=$100K 78.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 23% 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 1.3%
5-9 mins 6.4%
10-14 mins 15.0%
15-19 mins 19.9%
20-29 mins 33.4%
30-44 mins 9.4%
45-59 mins 4.3%
>60 mins 10.3%
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 $8,967 per month.

MY RENT : $8,967 MEDIAN RENT : $7,059

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 $8,967 would therefore be considered affordable for annual household incomes greater than $358,680 (12 months x 3.333 x $8,967).

Rent % Affordability
Above $500 94.4%
Above $700 91.0%
Above $1,100 87.4%
Above $1,500 85.1%
Above $1,900 82.0%
HOUSEHOLD INCOME RANGE

Approximately -152 of households in this neighborhood have a total annual income of $358,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,967 per month.

MINIMUM INCOME RANGE : $358,680

Income % Distribution
<$20K 5.6%
$20K-$35K 6.2%
$35K-$60K 3.1%
$60K-$100K 7.1%
>=$100K 78.0%
COMMUTE TIME DISTRIBUTION

63% of the working population has a commute time of 15 to 44 minutes, 23% 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 1.3%
5-9 mins 6.4%
10-14 mins 15.0%
15-19 mins 19.9%
20-29 mins 33.4%
30-44 mins 9.4%
45-59 mins 4.3%
>60 mins 10.3%

Leland Manor - Embarcadero Oaks - Garland Drive Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.6%
Educational Services 15.2%
Health Care & Social Assistance 8.6%
Manufacturing 10.5%
Professional & Scientific Tech Services 23.4%
Retail & Wholesale Trader 10.7%
Other 24.0%
AGE DISTRIBUTION

45% of the population is between the ages of 25 and 64, 34% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 21.3%
15-19 10.4%
20-24 2.7%
25-44 12.8%
45-65 31.9%
66+ 20.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 27.9%
Construction 5.3%
Legal 2.8%
Management, Business, & Financial 42.9%
Protect 3.1%
Sales & Office 11.7%
Other 6.4%
HIGHEST EDUCATION LEVEL

57% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 17.0%
High School 5.7%
Masters Degree 31.2%
Professional 7.7%
Some College 8.7%
Other 29.7%

890 N California Ave Comps

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890 N California Ave, Palo Alto, CA 94303 is a single family home of 3,159 sqft. HomeUnion INVESTimateĀ® for 890 N California Ave includes a Price Estimate of $4,022,252 and a Rent Estimate of $8,967. This single family home has 5 bedrooms,4 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 2.68% and Total Return of 45.81%. The estimated 1 year forecast in home value for 890 N California Ave is 20%.

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. 94301
  2. 94306
  3. 94025
  4. 94305
  5. 94304