2122 Williams St - Apartments FOR SALE


Palo Alto, CA 94306- College Terrace
$4,990,000 USD
650-274-5227
2122 Williams St, Palo Alto, CA for Sale
$4,990,000 USD
Apartments - FOR SALE
1/16
null | 2.7% Cap Rate

2122 Williams St
Palo Alto, CA 94306
College Terrace


HIGHLIGHTS

  • ix units on two adjacent parcels (Fourplex + Duplex) Available together or individually
  • Prime College Terrace location adjacent to Stanford University and Stanford Research Park
  • Strong in-place income with value-add, ADU, and redevelopment potential
  • Direct gated access to Cameron Park and walking distance to California Avenue and Caltrain
  • Potential for residential-style financing using separate loans on each parcel

OVERVIEW

Rare opportunity to acquire a six-unit multifamily investment in Palo Alto's highly desirable College Terrace neighborhood. Offered on two adjacent parcels, the property consists of a fourplex and duplex which are available individually or together as 6 well-maintained units with strong in-place income and significant long-term upside. Investors can pursue multiple strategies including value-add renovations, ADU development, owner occupancy, long-term hold, or future redevelopment. Located just steps from Stanford University, Stanford Research Park, California Avenue, and Caltrain, the property benefits from exceptional tenant demand and one of the strongest rental markets in Silicon Valley. The parcels may be purchased together or separately and offer a unique opportunity to utilize residential-style financing through separate loans on each parcel.

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$1,513 USD /SF

# OF UNITS

6

PRICE/UNIT

$831,667

CAP RATE

2.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2106 - 2122 Williams: 4-Plex + Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,874 SF

ZONING

R3

APN/PARCEL ID

137-02-092,137-02-093

ASK ABOUT THIS PROPERTY

Bryan DanforthCompass CommercialMore Info
650-274-5227

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Bryan DanforthCompass CommercialMore Info
650-274-5227

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