Palo Alto, CA 94306,303 Sheridan AVE
Palo Alto, CA 94306,303 Sheridan AVE
Palo Alto, CA 94306,303 Sheridan AVE
Palo Alto, CA 94306,303 Sheridan AVE
Palo Alto, CA 94306,303 Sheridan AVE
Palo Alto, CA 94306,303 Sheridan AVE
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$4,400,000

$4,495,000

2.1%
Est.Price: ?

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Est. payment /mo

0.29 Acres Lot


SOLD DATE : 06/29/2023

Key Details

Sold Price $4,400,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81928079

Sold Date 06/29/23

HOA Y/N No

Year Built 1962

Annual Tax Amount $54,591

Lot Size 0.294 Acres

Property Description

303 Sheridan Avenue is an attractive 7-unit apartment building located in the desirable Evergreen Park submarket of Palo Alto. The property boasts an incredible unit mix of (2) 2+2; (1) 2+1.5TH and (4) 2+1. The oversized units range from 850 sq. ft. to 1,005 sq. ft. and benefit from either a private patio or balcony, updates to kitchens and baths (select units) including dishwashers (6 units) and disposals, forced air heat, individual water heaters, carport parking, and coin-op laundry facility (leased). The property is located moments to quaint retail and restaurants of California Avenue, Stanford University and Shopping Center, Mayfield Playing Fields and Bowden Park, and is transit-oriented being a short walk to the California Avenue Caltrain station. 303 Sheridan feeds to the top public school district in California, specifically Escondido Elementary School, Greene Middle School, and Palo Alto High School. The property's financial performance could be improved through a combination of embedded rent increases and continued unit renovation program.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM5

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 7

Roof Type Composition,Shingle

Total Parking Spaces 4

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 13236075

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with Joel Hopman • Newmark Cornish & Carey
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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