Palo Alto, CA 94306,Address not disclosed

$1,731,000

$1,830,000

5.4%
Est.Price: ?

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Est. payment /mo

1,837 SqFt


SOLD DATE : 06/21/2016

Key Details

Sold Price $1,731,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,837 sqft

Price per Sqft $942

MLS Listing ID ML81545680

Sold Date 06/21/16

HOA Y/N No

Year Built 1958

Annual Tax Amount $4,440

Lot Size 6,246 Sqft

Property Description

This is a rare once in a lifetime find in very desirable Palo Alto. A great owner user or investor opportunity. Current rents are well below market, up side potential to bring all rent to market insomuch as 2 tenants are month to month and the 3rd tenant lease expires 4/20/2016. The units are set back off Alma somewhat mitigating the traffic noise factor. Each unit has a back door to a small patio for a private outdoor space. The vaulted ceilings through out give the units a spacious feel. Close proximity to Stanford University, downtown Palo Alto business area. Via Page Mill Rd and Oregon Expy affords ease of access to 101 Bayshore or 280 freeways which adds to the desirability of this property. 11 min. drive to Google, 22 min. to Apple and 14 min. drive to Facebook. Really near the heart of Silicon Valley.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM2

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet

Fireplace No

Appliance Refrigerator

Laundry None

Exterior

Garage Carport

Carport Spaces 3

View Y/N Yes

View None

Roof Type Tar/Gravel

Accessibility None

Parking Type Carport

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Palo Alto Unified

Others

Tax ID 13227111

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Richards • D A Richards & Associates
Bought with Francisco Liong
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 428-0833

brittany.nicola@exprealty.com

2603 Camino Ramon, Ramon, CA, 94583

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