102 Colorado Avenue, Palo Alto, CA 94301
-
Sold Price :
$1,925,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1953
Property Description
Incredible add-value opportunity! Fourplex in Midtown Palo Alto strategically positioned on 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! New owner can implement upgrades and achieve immediate upside. Only ¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally Studios, the bedrooms were converted from garage space. Tenants enjoy 4 driveway and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
102 Colorado Avenue |
| City |
Palo Alto |
| State |
CA |
| Zip |
94301 |
| County |
Santa Clara |
| Listing Agent |
Matthew Thomson DRE #01471708 |
| Co-Listing Agent |
Bryan Danforth DRE #01789680 |
| Courtesy Of |
Newmark Cornish & Carey |
| Close Price |
$1,925,000 |
| Status |
Closed |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
7,853 |
| Year Built |
1953 |
Listing information courtesy of: Matthew Thomson, Bryan Danforth, Newmark Cornish & Carey. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 3rd, 2024 at 4:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
