525 Hamilton Ave - Apartments FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$3,198,000 USD
650-464-1965
525 Hamilton Ave, Palo Alto, CA for Sale
$3,198,000 USD
Apartments - FOR SALE
1/19
null | 3.75% Cap Rate

525 Hamilton Ave
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Incredible, prime downtown Palo Alto location
  • Great unit mix: four 1-bed/1-bath units + two studios
  • Fabulous parking on-site: 3 garages, 2 carports, 2 uncovered spots
  • Updated kitchens and baths for most units
  • Fully leased property, consistent and strong tenant demand

OVERVIEW

Incredible 6-plex in A+ location. A rare opportunity to acquire a charming, well-maintained, fully leased six-unit multifamily property in the heart of Downtown Palo Alto. Assets of this character and caliber, in this location, simply do not come to market often. Four 1-bed, 1-bath units (one being used as a professional office currently) and two studios, fully leased. Situated in prime Downtown Palo Alto, 525 Hamilton Avenue offers investors the durable income of a fully leased building and long-term appreciation that define this irreplaceable market. This incredible six-plex provides a compelling investment in a market where land scarcity and exceptional tenant demand have historically driven consistently impressive values. Strong in-place rents with meaningful upside offer relative value that is increasingly difficult to find in this zip code. Updated kitchen and baths in most units, in-unit laundry for unit C and the remaining units access a shared washer and dryer in the laundry room. Plentiful onsite parking with 3 garages, 2 carports, and 2 uncovered spots. Steps from University Avenue, Stanford University, and the region's premier tech employers, this property has an unbeatable location.

FOR SALE DETAILS

PRICE

$3,198,000 USD

PRICE/SF

$1,172 USD /SF

# OF UNITS

6

PRICE/UNIT

$533,000

CAP RATE

3.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1892

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,776 SF

ZONING

CDC

APN/PARCEL ID

120-03-065

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.