Neighborhood
734 Melville Ave, Palo Alto, CA 94301
5 beds · 3 baths · 3,387 sq ft · Lot: 9,000 sq ft · Single Family Home · Last Sold: $4.8M in 2024 · Built: 1918
Est. Value:
$5.57M
Est. Rent:
$5.2K/month

734 Melville Ave Palo Alto, CA 94301

5 beds · 3 baths · 3,387 sq ft · Lot Size: 9,000 sq ft · Single Family Home · Community Center
Est. Property Value: $5,569,592

High Demand Long-Term RentalValued above Market MedianOwned for Less Than 5 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

734 Melville Ave is in the Community Center neighborhood of Palo Alto, CA. It is located in Santa Clara County and ZIP code 94301. This Single Family Home was built in 1918 and is approximately 107 years old. The single family home spans 3387 sq ft with 5 bedrooms and 3 bathrooms and sits on a 9000 sq ft lot. According to public records, it was last sold in 2024 for $4,800,000. The Community Center area of Palo Alto has 239 residential homes with an average size of 2635 sq ft. Analyze and compare real estate investment strategies for properties like this home at 734 Melville Ave Palo Alto, CA 94301 with Property Intel by Whitepages.

Investment Potential for 734 Melville Ave

The property has a current estimated value of $5,569,592, which is 35% above the neighborhood median, based on public records. It last sold on January 24, 2024 for $4.8M. Projected long-term
is $62,400 annually ($5,200 per month) with a 90% occupancy rate.

Discover more Single Family Homes in Community Center.
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Long-Term

Gross Rental
$62,400 per year($5,200 per month)
Net Operating Income
$****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
90%in 94301 zip code
 
View Rental Potential

Owners & Occupancy for 734 Melville Ave

No contact information is available.

Occupancy

Current Occupancy******View Occupancy
Resident 1****************** age 96
Resident 2********* age 99
Resident 3******************* age 55
Resident 4************* age 67

Property Details for 734 Melville Ave

Property Details

Property Sq Ft

Living Area

3,387 sq ft

29% above market

Lot Size

9,000 sq ft

20% above market

Price Per Sq Ft

Living Area

$1,644 / sq ft

5% above market

Lot Size Area

$619 / sq ft

7% above market

Property condition, age, exterior, etc. for 734 Melvil…
Longitude: -122.146003 Latitude: 37.44511 Parcel Number (APN): 003-44-001…
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Recommended Properties in Community Center

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    Est. Value

    1018 Fulton St, Palo Alto, CA 94301

    5 beds · 4 baths · 3,567 sq ft · Last Sold: $5,100,000 in 2021 · Built: 2000

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    1090 Harriet St, Palo Alto, CA 94301

    4 beds · 2 baths · 2,221 sq ft · Last Sold: $2,300,000 in 2012 · Built: 1973

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    Est. Value

    834 Addison Ave, Palo Alto, CA 94301

    4 beds · 2 baths · 2,136 sq ft · Built: 1937

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    Est. Value

    727 Addison Ave, Palo Alto, CA 94301

    5 beds · 2 baths · 2,525 sq ft · Last Sold: $3,350,000 in 2012 · Built: 1908

  • $4.06M - $4.39M

    Est. Value

    839 Lincoln Ave, Palo Alto, CA 94301

    4 beds · 2 baths · 2,334 sq ft · Last Sold: $4,500,000 in 2023 · Built: 1933

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    Est. Value

    1043 Parkinson Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 3,186 sq ft · Built: 1978

  • $5.13M - $5.65M

    Est. Value

    1170 Harker Ave, Palo Alto, CA 94301

    5 beds · 5 baths · 3,504 sq ft · Built: 1948

  • $3.72M - $4M

    Est. Value

    1221 Parkinson Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 2,576 sq ft · Last Sold: $1,415,500 in 1999 · Built: 1924

  • $3.61M - $3.88M

    Est. Value

    1121 Harriet St, Palo Alto, CA 94301

    4 beds · 2 baths · 2,382 sq ft · Built: 1973

  • $5.55M - $5.95M

    Est. Value

    1280 Wilson St, Palo Alto, CA 94301

    4 beds · 3 baths · 4,200 sq ft · Last Sold: $1,775,000 in 2010 · Built: 2022

  • $3.81M - $4.1M

    Est. Value

    1320 Channing Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 2,394 sq ft · Built: 1941

  • $4.13M - $4.49M

    Est. Value

    1057 Guinda St, Palo Alto, CA 94301

    4 beds · 3 baths · 2,539 sq ft · Built: 1921

  • $4.15M - $4.54M

    Est. Value

    750 Channing Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 2,582 sq ft · Built: 1908

  • $3.92M - $4.2M

    Est. Value

    1450 Channing Ave, Palo Alto, CA 94301

    4 beds · 2 baths · 2,051 sq ft · Last Sold: $4,275,000 in 2022 · Built: 1956

  • $4.01M - $4.3M

    Est. Value

    1189 Harker Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 3,014 sq ft · Built: 1925

  • $3.9M - $4.25M

    Est. Value

    1335 Greenwood Ave, Palo Alto, CA 94301

    4 beds · 2 baths · 2,392 sq ft · Last Sold: $1,400,000 in 2001 · Built: 1946

  • $3.84M - $4.2M

    Est. Value

    985 Harriet St, Palo Alto, CA 94301

    4 beds · 3 baths · 2,968 sq ft · Built: 1931

  • $3.88M - $4.22M

    Est. Value

    1355 Greenwood Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 2,336 sq ft · Last Sold: $2,200,000 in 2011 · Built: 1946

  • $5.63M - $6.28M

    Est. Value

    1340 Channing Ave, Palo Alto, CA 94301

    5 beds · 4 baths · 3,433 sq ft · Built: 2007

  • $3.59M - $3.88M

    Est. Value

    1152 Greenwood Ave, Palo Alto, CA 94301

    4 beds · 3 baths · 2,440 sq ft · Last Sold: $1,380,000 in 2001 · Built: 1925

Market Benchmarks

Compare data for 734 Melville Ave in Santa Clara County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$5,569,592
$836,803
$4,732,789 (566%)
$*******
$1,068,637
$5,628,732 (527%)
YoY Price Change
****%
1.04%
103%
Year Built
1918
1981
-63 years
Living Space
3,387 sq ft
2,262 sq ft
1125 (50%)
$ Per Living Sq Ft
$1,644
$410
$1,235 (301%)
Lot Size
9,000 sq ft
7,616 sq ft
1384 (18%)
$ Per Lot Sq Ft
$619
$111
$508 (458%)

Net Operating Income
$****
$27,317
-$19,188 (-70%)
Annual Revenue
$62,400
$45,600
$16,800 (37%)
$*****
$17,435
$36,836 (211%)
Net Operating Income
$****
$27,317
-$19,188 (-70%)
Cap Rate
****%
3.18%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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