331 Poe St - Apartments FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$5,945,000 USD
415-722-2200
331 Poe St, Palo Alto, CA for Sale
$5,945,000 USD
Apartments - FOR SALE
1/28
null | 3.81% Cap Rate

331 Poe St
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Quiet; residential neighborhood in Downtown Palo Alto
  • Rare property amenities: EV Charging and Pool with BBQ area
  • Impeccably maintained property

OVERVIEW

Rarely available true pride of ownership 8-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, (4) 1+1 and (1) unpermitted Studio unit mix. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (7 units), a pool, and oversized storage units. Most apartments have updated kitchens and baths, plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. This is one of a kind.

FOR SALE DETAILS

PRICE

$5,945,000 USD

PRICE/SF

$1,017 USD /SF

# OF UNITS

8

PRICE/UNIT

$743,125

CAP RATE

3.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R1

APN/PARCEL ID

120-12-037

ASK ABOUT THIS PROPERTY

Joel HopmanARA NewmarkMore Info
415-722-2200

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Joel HopmanARA NewmarkMore Info
415-722-2200

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