$12,000,000
$12,800,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
0.66 Acres Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $12,000,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81969973
Year Built 1970
Annual Tax Amount $151,934
Lot Size 0.661 Acres
Property Description
CASA CAROLINA APARTMENTS - 24 UNITS IN PRIME PALO ALTO! First time on the market since being built in 1970. Incredible Unit Mix: (10) 2+2, (6) 2+1, (8) 1+1. Huge oversized units, all with private balcony or patio & yards. Lush landscaping with beautiful courtyard and swimming pool. Gated community with 34 subterranean tuck-under parking spaces and 4 ground-level open spaces. All copper plumbing and all units have dishwashers. 1/3 of the units have been fully renovated, 1/3 of the units have been moderately remodeled & 1/3 of the units are original offering significant add-value opportunity with continuing upgrades & increasing rents. On-site laundry facility and additional storage provides extra income. Ability to add 6 ADUs. Irreplaceable location less than a mile from California Avenue Business District & Caltrain Station with numerous shopping, dining & entertainment options. Less than a mile from the Stanford Research Park, home to 150+ companies comprised of a diverse and thriving community of employees & innovators. 1.5 miles from Stanford University. "Very Walkable" score of 81 and "Biker's Paradise" score of 100 and feeds into excellent Palo Alto school districts.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM4
Interior
Heating Electric
Cooling None
Exterior
Roof Type Composition,Shingle
Building
Water Public
Schools
School District Palo Alto Unified
Others
Special Listing Condition Standard
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Bought with Matthew Thomson • Compass