$4,750,000
$4,850,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 06/14/2024
Key Details
Sold Price $4,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81962173
Sold Date 06/14/24
HOA Y/N No
Year Built 1963
Annual Tax Amount $58,356
Lot Size 0.300 Acres
Property Description
Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM2
Interior
Heating Central
Fireplace No
Exterior
Carport Spaces 11
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Henry M. Gunn
School District Palo Alto Unified
Others
Tax ID 13246079
Financing Cash
Special Listing Condition Standard
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Bought with Eddy Tsang • United Assoc. Investments
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "