474-480 Margarita Ave - Apartments FOR SALE


Palo Alto, CA 94306- Ventura
$2,550,000 USD
408-355-1519
474-480 Margarita Ave, Palo Alto, CA for Sale
$2,550,000 USD
Apartments - FOR SALE
1/10
null | 2.18% Cap Rate

474-480 Margarita Ave
Palo Alto, CA 94306
Ventura


HIGHLIGHTS

  • Location in Palo Alto is benefit for Ownership
  • Property construction in the year made has benefits
  • Access to employment and San Francisco City and airport
  • The complex is fully occupied by mostly long-term tenants

OVERVIEW

Just south of page mill road off the El Camino Real. The area is called Ventura near College and a bike ride to Stanford University. The schools are very good, and the complex is also good. The building consists of two 2-bedroom units and two 1-bedroom units. The complex is fully occupied by mostly long-term tenants. This is a completed Trustee Sale and Seller prefers an As Is sale and can close quickly. 1031 Exchange cooperation is okay. To see the interiors, please first provide an acceptable contract to the seller. Make all contracts subject to a visual inspection by the Buyer with in 3-4 days so an appointment can be made. One unit upstairs has been improved.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$838 USD /SF

# OF UNITS

4

PRICE/UNIT

$637,500

CAP RATE

2.18%

% 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

1950

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM4

APN/PARCEL ID

132-39-055

ASK ABOUT THIS PROPERTY

Ted LaScolaColdwell BankerMore Info
408-355-1519

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Ted LaScolaColdwell BankerMore Info
408-355-1519

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