270 Everett Ave - Multi-Family FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$2,300,000 USD
650-464-1965
270 Everett Ave, Palo Alto, CA for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/10
null | 3.4% Cap Rate

270 Everett Ave
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Exceptional downtown Palo Alto location
  • Upside rent potential
  • Fully leased building with consistent, strong tenant demand
  • Well maintained building
  • Attached one car garage for one unit, private yards for other two
  • All units with in-unit laundry

OVERVIEW

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 consistent, strong tenant demand. Some upside potential rents. 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.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$1,250 USD /SF

# OF UNITS

3

PRICE/UNIT

$766,667

CAP RATE

3.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,432 SF

ZONING

RM-30

APN/PARCEL ID

120-25-067

ASK ABOUT THIS PROPERTY

Kelly GriggsColdwell Banker RealtyMore Info
650-464-1965

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Kelly GriggsColdwell Banker RealtyMore Info
650-464-1965

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