103 Tennyson Ave - Apartments FOR SALE


Palo Alto, CA 94301- Old Palo Alto
$2,988,000 USD
650-492-0934
103 Tennyson Ave, Palo Alto, CA for Sale
$2,988,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

103 Tennyson Ave
Palo Alto, CA 94301
Old Palo Alto


HIGHLIGHTS

  • Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at over $20 Million+
  • Desirable Unit Mix
  • Convenient Property Amenities
  • Prestigious Palo Alto School District

OVERVIEW

103 Tennyson Ave is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 7,500 square foot parcel, the subject property was originally constructed in 1970 and features approximately 3,371 square feet of gross building area, offering beautifully designed two-bedroom floor plans. The property consists of one flat and two townhome-style units, each with private detached garage parking and its own private patio or deck. Ideally positioned within walking distance of Stanford University, 103 Tennyson Ave benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.

FOR SALE DETAILS

PRICE

$2,988,000 USD

PRICE/SF

$886 USD /SF

# OF UNITS

3

PRICE/UNIT

$996,000

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RM2, Palo Alto

APN/PARCEL ID

124-17-077

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.