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In-PersonVirtual Tour
$3,100,000
Est. payment /mo
2,303 SqFt
Open House
Fri Oct 31, 9:30am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,303 sqft
Price per Sqft $1,346
MLS Listing ID ML82026224
HOA Y/N No
Year Built 1937
Lot Size 9,500 Sqft
Property Sub-Type Triplex
Property Description
INCREDIBLE DOWNTOWN PALO ALTO FULLY VACANT TRIPLEX! Extremely rare opportunity to acquire a fully vacant triplex in the heart of downtown Palo Alto. Ideal for investors that can immediately renovate and rent units at top market levels, or for owner-occupiers that can make one of the units their dream home while enjoying significant supplemental income from the other tenants. Excellent Unit Mix: (1) Two-Bedroom / One & 1/2 Bath, (1) Two-Bedroom / One Bath and (1) One-Bedroom / One-Bath. Two buildings strategically positioned on oversized 9,500 SF lot (large downtown parcel with favorable R4 zoning - redevelopment potential). Perfect ADU opportunity - garage has laundry room & bathroom ideal for easy ADU conversion. Two large storage sheds are wired with power to use as offices. Second floor 2x1 unit has attractive wrap-around balcony with beautiful views. Garage, driveway & rear alley parking. Irreplaceable location 2 blocks from University Avenue and all the high-end shopping, dining and entertainment amenities of downtown Palo Alto and 1/2 mile from Caltrain (90 "Walker's Paradise and 97 "Biker's Paradise"). Gorgeous mature landscaping throughout the entire property.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM4
Interior
Heating Central
Fireplace No
Exterior
Garage Spaces 2.0
Garage Description 2.0
View Y/N No
Roof Type Flat
Accessibility Parking
Total Parking Spaces 7
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12010027
Security Features Security Lights
Special Listing Condition Standard
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Listed by Matthew Thomson Compass
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