$4,650,000
$5,095,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
8,999 Sqft Lot
SOLD DATE : 06/09/2023
Key Details
Sold Price $4,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81920951
Sold Date 06/09/23
HOA Y/N No
Year Built 1965
Annual Tax Amount $61,710
Lot Size 8,999 Sqft
Property Description
Rarely available pride of ownership 7-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, and (4) 1+1 unit mix with 1:1 parking. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (each unit), a pool, oversized storage units, and a leasing office. Most apartments have updated kitchens and baths and plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. Attractive assumable financing available: ~6 years remaining at 3.36%.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R1
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 7
Roof Type Metal
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 12012037
Financing Other
Special Listing Condition Standard
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Bought with Joel Hopman • Newmark Cornish & Carey