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Key Details
Sold Price $1,731,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,837 sqft
Price per Sqft $942
MLS Listing ID ML81545680
Sold Date 06/21/16
HOA Y/N No
Year Built 1958
Annual Tax Amount $4,440
Lot Size 6,246 Sqft
Property Description
This is a rare once in a lifetime find in very desirable Palo Alto. A great owner user or investor opportunity. Current rents are well below market, up side potential to bring all rent to market insomuch as 2 tenants are month to month and the 3rd tenant lease expires 4/20/2016. The units are set back off Alma somewhat mitigating the traffic noise factor. Each unit has a back door to a small patio for a private outdoor space. The vaulted ceilings through out give the units a spacious feel. Close proximity to Stanford University, downtown Palo Alto business area. Via Page Mill Rd and Oregon Expy affords ease of access to 101 Bayshore or 280 freeways which adds to the desirability of this property. 11 min. drive to Google, 22 min. to Apple and 14 min. drive to Facebook. Really near the heart of Silicon Valley.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM2
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Appliance Refrigerator
Laundry None
Exterior
Garage Carport
Carport Spaces 3
View Y/N Yes
View None
Roof Type Tar/Gravel
Accessibility None
Parking Type Carport
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Palo Alto Unified
Others
Tax ID 13227111
Financing Conventional
Special Listing Condition Standard
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Bought with Francisco Liong