365 Everett Ave - Apartments FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$7,050,000 USD
626-483-5136
365 Everett Ave, Palo Alto, CA for Sale
$7,050,000 USD
Apartments - FOR SALE
1/21
null | 3.72% Cap Rate

365 Everett Ave
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Steps from Downtown Palo Alto
  • Prime location with upside in rents
  • 3 of 11 units renovated

OVERVIEW

Showing Units: Wednesday Sept 18th from 2pm - 3:30pm ...The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 365 Everett Ave, located in the heart of Downtown Palo Alto, CA. This 11 unit apartment consists of (1) 2-bed,1-bath unit and (10) 1-bed, 1-bath units. Three of the units have been thoughtfully renovated, showcasing premium upgrades including modernized flooring, kitchens, and bathrooms. The building also offers convenient amenities such as storage rooms, dedicated carports and parking spaces, private courtyards for ground-floor tenants, a private patio for the 2-bed unit, and an on-site laundry facility. With a total of 8,746 square feet of living space situated on a 0.33-acre lot, this property exemplifies pride of ownership. Just steps away from Downtown Palo Alto, the property offers immediate access to acclaimed restaurants, boutique shops, and the iconic Stanford Theater. Its also located less than 1.5 miles from the prestigious Stanford University and the Stanford Shopping Center, placing tenants at the center of it all. Contact The R&Z Group of Compass Commercial today to arrange a viewing and secure this outstanding investment - SHOWING UNITS: WEDNESDAY SEPT 18th from 2pm - 3:30pm. Due Diligence: https://forms.gle/9uKtjkNuD9gjaHU87

FOR SALE DETAILS

PRICE

$7,050,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

11

PRICE/UNIT

$640,909

CAP RATE

3.72%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,264 SF

ZONING

-

APN/PARCEL ID

120-14-036

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

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