Palo Alto, CA 94306,271 Curtner AVE
Palo Alto, CA 94306,271 Curtner AVE
Palo Alto, CA 94306,271 Curtner AVE
Palo Alto, CA 94306,271 Curtner AVE
Palo Alto, CA 94306,271 Curtner AVE
Palo Alto, CA 94306,271 Curtner AVE
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$2,960,000

$3,150,000

6.0%
Est.Price: ?

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Est. payment /mo

7,997 Sqft Lot


SOLD DATE : 09/11/2023

Key Details

Sold Price $2,960,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81920761

Sold Date 09/11/23

HOA Y/N No

Year Built 1958

Annual Tax Amount $38,530

Lot Size 7,997 Sqft

Property Description

ATTRACTIVE SELLER FINANCING AVAILABLE! Two units currently vacant allowing a new owner to add value immediately by renovating and re-renting those units at higher rents. 6-unit apartment building in the heart of Silicon Valley in a great Palo Alto location. 1.5 miles from Stanford University, less than a mile from the Stanford Research Park, and 1 mile from the California Ave Caltrain Station. The property has one large 2-bed, 1-bath owner's unit with private balcony and fireplace, five 1-bed, 1-bath units, and a storage room/nonconforming studio ADU which could be expanded and made into a legal ADU. Perfect for an owner to live in the front unit and rent out the rest. Well maintained units with minimal deferred maintenance, but huge upside in rents in their as-is condition, or through renovation. New water heater, all copper plumbing and dual pane windows. ADU potential by converting some of the tuck-under spaces into a new unit.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM4

Interior

Heating Central, Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 6

Roof Type Composition

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Henry M. Gunn

School District Palo Alto Unified

Others

Tax ID 13241033

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Bryan Danforth • Newmark Cornish & Carey
Bought with Matthew Thomson • Newmark Cornish & Carey
agent-avatar

+1(951) 225-2964

dillon@dillonhallrealtor.com

27465 Jefferson Ave, Temecula, California, 92590

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