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$3,800,000
Est. payment /mo
7,501 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML82039963
HOA Y/N No
Year Built 1968
Annual Tax Amount $46,772
Lot Size 7,501 Sqft
Property Description
220 College Avenue is an incredible opportunity to acquire a prime turn-key 6-unit apartment building in an outstanding Palo Alto location. (4) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath, strategically positioned on a quiet cul-de-sac walking distance to all the shopping, dining & entertainment amenities of California Avenue. Strong in-place rents with best-in-class tenant profiles creating ability to add significant value with high-end renovations and achieve top market rents. All units have received some updates: 4 units have at least kitchen & bath updates and the other two have some interior updates. Many more updates to the major building systems: New Roof in 2023, Fully upgraded Electrical System (Main & Subpanels) in 2025, New Water Heater in 2022 and New Washer & Dryer in 2025, New Driveway Ramp - 2025. Dual pane windows throughout. Add ADU in tuck-under carport parking area! Ideal location in the epicenter of Silicon Valley, Evergreen Terrace neighborhood of Palo Alto, surrounded by major tech companies and good jobs. Within a ½ mile walk of: Stanford campus, California Ave, Caltrain Station, Peers Park, Jerry Bowden Park, Graduate housing, Sundance Steakhouse and other shopping and dining on El Camino Real, Stanford Business Park, Palo Alto High School
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Composition
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 12427023
Special Listing Condition Standard
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Listed by Bryan Danforth Compass #01789680
NEARBY SCHOOL & BUSINESS
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