474-480 Matadero Ave - Apartments FOR SALE


Palo Alto, CA 94306- Ventura
$2,850,000 USD
415-254-7071
474-480 Matadero Ave, Palo Alto, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/9
null | 3.07% Cap Rate

474-480 Matadero Ave
Palo Alto, CA 94306
Ventura


HIGHLIGHTS

  • Premier Location in the Thriving City of Palo Alto.
  • Features (4) Large One-Bedroom with In-Unit Laundry. One Unit Will Be Delivered Vacant.
  • Two Out of Four Units Have Undergone Extensive Interior Renovation.
  • Capital Improvements: Electrical Upgrade, Dual-Paned Windows.
  • Walking Distance to Stanford University and Downtown Palo Alto.
  • Surrounded by Many of the Nation’s Top Tech Employers.

OVERVIEW

We are pleased to present 474 Matadero Ave, a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto. This prime investment opportunity combines modern living with excellent potential for growth and value appreciation. Each of the four units features a spacious one-bedroom layout. With a building size of 3,185 square feet and a lot size of 5,397 square feet, there is ample room for tenants to enjoy. Two units have been recently and extensively renovated, offering a contemporary feel and the option to convert them into two-bedroom units for increased rental income. Additionally, parking space for all units provides convenient access and adds to the property’s overall appeal. The property includes a range of capital improvements, such as new dual-pane windows for greater energy efficiency, updated electrical systems for modern convenience, and tankless water heaters in select units. Some units also feature in-unit laundry facilities, further adding to the comfort and convenience for residents. Situated in a premier location, just steps from Downtown Palo Alto and Stanford University, this property offers exceptional proximity to top-rated schools, vibrant shopping and dining areas, and major tech campuses. Surrounded by many top tech employers, the property benefits from a dynamic and high-demand neighborhood. The well-manicured landscaping and tranquil surroundings further contribute to the property’s charm. Don’t miss the chance to own this outstanding asset in one of Palo Alto’s most desirable locations. Whether you’re looking to expand your investment portfolio or secure a residence with significant income potential, 474 Matadero Ave presents an opportunity not to be overlooked.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$895 USD /SF

# OF UNITS

4

PRICE/UNIT

$712,500

CAP RATE

3.07%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

474-480 Matadero Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RM4, Palo Alto

APN/PARCEL ID

132-40-044

ASK ABOUT THIS PROPERTY

Philip BatlinMarcus & MillichapMore Info
415-254-7071

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Philip BatlinMarcus & MillichapMore Info
415-254-7071

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