East Palo Alto, CA 94303,Address not disclosed
East Palo Alto, CA 94303,Address not disclosed
East Palo Alto, CA 94303,Address not disclosed
East Palo Alto, CA 94303,Address not disclosed
East Palo Alto, CA 94303,Address not disclosed
East Palo Alto, CA 94303,Address not disclosed
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$5,496,500

$5,975,000

8.0%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Keith Suddjian • Cornish & Carey Commercial
Bought with Keith Suddjian • Cornish & Carey Commercial

GET MORE INFORMATION

Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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