$5,496,500
$5,975,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
0.46 Acres Lot
SOLD DATE : 05/19/2020
Key Details
Sold Price $5,496,500
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81785834
Sold Date 05/19/20
HOA Y/N No
Year Built 1964
Annual Tax Amount $78,941
Lot Size 0.458 Acres
Property Description
Quality 20-unit apartment building consisting of (4) 2 BR x 1 BA and (16) 1 BR x 1 BA units. Located in one of the Peninsula's most convenient locations contiguous to the Menlo Park border. In close proximity to University Circle (±452,000 SF of high end office space), Four Seasons Hotel, Major employers (Amazon & Facebook), Gateway 101 Shopping Center (Ikea, Target, Home Depot). Easy access to Downtown Palo Alto, Stanford University, Stanford Shopping Center & Highway 101. All units have a large private patio or balcony. Improvements since 2016 include: new roofs and downspouts, new dual pane windows, new exterior paint, balcony replacement/repair, new fencing, rod iron fence and gates & remodel of 8 unit interiors. Spacious and desirable floor plans. Low maintenance landscaping. Swimming pool. Large Owner/Manager storage room.Resident storage lockers. Attractive upside potential. Additional storage room rented to resident. One bedroom units have a large bedroom with a walk in closet.
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R-HD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 22
Roof Type Flat
Schools
Elementary Schools Other
High Schools Menlo-Atherton
School District Other
Others
Tax ID 063441310
Financing Cash
Special Listing Condition Standard
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Bought with Keith Suddjian • Cornish & Carey Commercial
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REALTOR® | Lic# 02111780