Palo Alto, CA 94306,Address not disclosed
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Palo Alto, CA 94306,Address not disclosed
Palo Alto, CA 94306,Address not disclosed
Palo Alto, CA 94306,Address not disclosed
Palo Alto, CA 94306,Address not disclosed

$2,500,000

Est. payment /mo

$2,388,000

4.7%
Est.Price: ?

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Address not disclosed Palo Alto, CA 94306

1,852 SqFt

SOLD DATE : 05/24/2022

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,852 sqft

Price per Sqft $1,349

MLS Listing ID ML81883502

Sold Date 05/24/22

HOA Y/N No

Year Built 1955

Annual Tax Amount $29,397

Lot Size 5,026 Sqft

Property Sub-Type Triplex

Property Description

Turn-key triplex in an excellent Palo Alto location across the street from Stanford. All three units have 1 bedroom and 1 bathroom around 630 sf, unit 1862 has an additional 60 sf office. Clean section 1 and 2 in termite report. Excellent property condition with numerous renovations and upgrades including all kitchens and baths remodeled with permits (most recently in 2019), electrical service from the street upgraded to 200 amps with all new main and subpanels, new furnaces in each unit, all windows with new double pane low-E glass for quiet and insulation, complete earthquake upgrade / retrofit with permits, etc. Ideal property to attract great tenants like Stanford grad students and tech employees. 3 garages (one private, two currently used for storage) with the possibility to convert to ADU(s) for significant increase in rental income (not guaranteed by owner or broker). Walkers Paradise, walkability score of 92 and Bike Score of 100: Daily errands do not require a car

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM2

Interior

Heating Wall Furnace

Cooling None

Flooring Wood

Fireplace No

Exterior

Parking Features Off Street

Garage Spaces 3.0

Garage Description 3.0

Roof Type Composition

Accessibility None

Total Parking Spaces 3

Building

Story 2

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 12430041

Financing Conventional

Special Listing Condition Standard

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Marcus "Kiwi" Gualter

Marcus "Kiwi" Gualter

+1(949) 751-9600

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CRMLS – RECore
Listed by Bryan Danforth Newmark Cornish & Carey
Bought with Dedy Efendi Action Properties Inc
Marcus "Kiwi" Gualter

Marcus "Kiwi" Gualter

Broker Associate | License ID: 01079157

+1(949) 751-9600

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