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Listed by Compass
$ 3,800,000
Est. payment /mo
Pending
220 College Avenue Palo Alto, CA 94306
4,878 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,878 sqft
Price per Sqft $779
MLS Listing ID ML82039963
HOA Y/N No
Year Built 1968
Lot Size 7,500 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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 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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Coin Operated