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$10,500,000
Est. payment /mo
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82030530
HOA Y/N No
Year Built 1956
Annual Tax Amount $125,509
Lot Size 0.459 Acres
Property Description
Hawthorne Apartments is a well-located apartment community at 325327 Hawthorne Avenue, just two blocks from Downtown Palo Alto. Built in 1956 on two contiguous parcels totaling approximately 20,000 square feet, the property offers roughly 9,665 square feet of gross building area with thoughtfully designed one-bedroom floor plans, including the added stability of a five-year corporate lease for select units. Tenants benefit from a prime, walkable location near Downtown Palo Alto, Stanford University, Stanford Shopping Center, and the Palo Alto Caltrain station, with easy access to major tech employers, transportation, shopping, and dining. Situated in one of the Bay Areas most desirable citiesrecently ranked #6 Top 100 Best Places to Livethe propertys investment appeal is driven by Palo Altos strong employment base, low vacancy levels, and world-class Silicon Valley location.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM20
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12012020
Special Listing Condition Standard
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Listed by Adam S. Levin Marcus & Millichap #01462752
NEARBY SCHOOL & BUSINESS
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