Financial Details953 N California Ave PROPERTY INFO
FACTS
- Built In 1938
- Price/Sqft : $1,006.32
CONSTRUCTION
- Beds : 2
- Floor Size : 2,822 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
953 N California Ave, Palo Alto, CA 94303 is a single family home of 2,822 sqft. HomeUnion estimate for 953 N California Ave includes a Price Estimate of $2,839,843 and a Rent Estimate of $7,603. This single family home has 2 bedrooms, 1 bathrooms, and was built in 1938. This property has an estimated 15 year annualized Yield of 3.21% and Total Return of 21.89%. The estimated 1 year forecast in home value for 953 N California Ave is 10.34%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
953 N California Ave SCHOOLS
Financial Details
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Triple El
Neighborhood : Triple El
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 $7,603 per month.
MY RENT : $7,603 MEDIAN RENT : $6,346
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 $7,603 would therefore be considered affordable for annual household incomes greater than $304,120 (12 months x 3.333 x $7,603).
HOUSEHOLD INCOME RANGE
Approximately -33 of households in this neighborhood have a total annual income of $304,120 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $7,603 per month.
MINIMUM INCOME RANGE : $304,120
COMMUTE TIME DISTRIBUTION
58% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.
Triple El Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 7.3% |
| Educational Services | 14.5% |
| Health Care & Social Assistance | 8.0% |
| Manufacturing | 11.5% |
| Professional & Scientific Tech Services | 24.0% |
| Retail & Wholesale Trader | 13.0% |
| Other | 21.8% |
AGE DISTRIBUTION
48% of the population is between the ages of 25 and 64, 33% is 24 or younger and 19% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 21.8% |
| 15-19 | 8.9% |
| 20-24 | 2.6% |
| 25-44 | 16.8% |
| 45-65 | 30.7% |
| 66+ | 19.2% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 32.6% |
| Construction | 5.9% |
| Legal | 3.2% |
| Management, Business, & Financial | 34.2% |
| Protect | 2.7% |
| Sales & Office | 12.3% |
| Other | 9.1% |
HIGHEST EDUCATION LEVEL
53% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Doctorate | 16.2% |
| High School | 5.2% |
| Masters Degree | 29.7% |
| Professional | 5.6% |
| Some College | 8.6% |
| Other | 34.7% |
953 N California Ave Comps
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