East Palo Alto, CA 94303,Address not disclosed
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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

$5,496,500

Est. payment /mo

$5,975,000

8.0%
Est.Price: ?

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Address not disclosed East Palo Alto, CA 94303

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

Rachael Hughel

Realtor | License ID: 01218759

+1(818) 397-8177

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