Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with… Read More consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location. Read Less
Courtesy of Coldwell Banker Realty, Kelly Griggs 650-464-1965
Listing Snapshot
Days Online
104
Last Updated
Property Type
Triplex
Square Ft.
1,840
Lot Size
0.06 Acres
Year Built
1931
MLS Number
ML82039336
30 Days Snapshot Of 94301
$5.50M
-17%
(avg) sold price
20
-13%
homes sold
22
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 2432.00, Max Area Units: Square Feet
Unit One
1 bedroom in unit 1, Unit 1: approximately 490 square feet, Unit 1 rent: $2,855
Unit Two
1 bedroom in unit 2, Unit 2: approximately 460 square feet, Unit 2 rent: $2,850
Unit Three
1 bedroom in unit 3, Unit 3: approximately 890 square feet, Unit 3 rent: $3,000
Accessibility Features
None
Building
Built in 1931, 3 building units, 1 building, 1,840 structure square feet
Roof
Tile
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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