2145 Park Blvd - Multi-Family FOR SALE


Palo Alto, CA 94306- Evergreen Park
$2,600,000 USD
650-274-5227
2145 Park Blvd, Palo Alto, CA for Sale
$2,600,000 USD
Multi-Family - FOR SALE
1/6
null | Request Cap Rate

2145 Park Blvd
Palo Alto, CA 94306
Evergreen Park


HIGHLIGHTS

  • Just two blocks from California Avenue, soon to be transformed under the city’s “Uplift Local” initiative!
  • “Very Walkable” and “Biker’s Paradise”. Walkability score of 84 and Bike Score of 100: “Daily errands do not require a car”.
  • Within a ½ mile walk of Stanford campus and small town shopping in the heart of the city.
  • Excellent Palo Alto school district. This location is under 1 mile from all public schools that it feeds into.
  • Recent Improvements Include: New electrical system, all new copper plumbing, roof repairs, and new fencing
  • Exceptional duplex located in one of Palo Alto’s most sought-after neighborhoods—surrounded by major employers, top schools, and vibrant amenities.

OVERVIEW

Open House: Wednesday, 7/30 from 11 am to 1pm Broker's Tour: Friday 8/1 from 9:30 am to 1pm (bring your buyers!) Prime Investment Opportunity in the Heart of Palo Alto Exceptional duplex located in one of Palo Alto’s most sought-after neighborhoods—surrounded by major employers, top schools, and vibrant amenities. Ideal for both owner-occupants and savvy investors. This property includes: 2143: A front 2-bedroom, 1-bath unit (approx. 883 sq ft) 2145: A rear 1-bedroom, 1-bath unit (approx. 660 sq ft) Each unit enjoys its own spacious and private yard, all on a generous 7,530 sq ft lot. Significant Development Potential: Zoned to build up to 3,009 sq ft (or more*), this lot offers multiple options—build two new homes, or a primary residence plus an ADU. (*ADUs, basements, and covered parking may be excluded from FAR calculations—buyer to verify.) Recent Improvements Include: New electrical system All new copper plumbing Roof repairs New fencing Bonus Opportunity: Convert the existing garage into a detached ADU to further increase rental income and property value. Upcoming Vacancy: The rear unit, 2145 has recently given notice that they will be leaving this unit around the middle of August allowing owner-users to occupy this unit, or investors to renovate and get the highest possible market rent! Don’t miss this rare opportunity to invest, develop, or live in one of Silicon Valley’s premier locations!

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$1,683 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2143-2145 Park Blvd

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

124-27-040

ASK ABOUT THIS PROPERTY

Bryan DanforthCompass CommercialMore Info
650-274-5227

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

Bryan DanforthCompass CommercialMore Info
650-274-5227

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