For Sale
$7,050,000
365 Everett Ave Palo Alto, CA 94301
11-Unit Apartment Complex, Prime Location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- $7,050,000 asking price for an 11-unit apartment building in Palo Alto, CA.
- 3.72% cap rate, 4.42% pro-forma cap rate.
- 100% occupancy with a current NOI of $262,353 and a pro-forma NOI of $311,427.
- 8,746 square feet on a 0.33-acre lot, with a price per square foot of $806.08 and a price per unit of $640,909.
- Located at 365 Everett Ave, Palo Alto, CA 94301, in a prime downtown location near Stanford University and Stanford Shopping Center.
- Built in 1954, this two-story Class C building features a mix of one- and two-bedroom units, some with recent renovations.
Property Details for 365 Everett Ave
- Property type
- Apartment buildings
- Square Feet
- 8,746 SF
- Class
- C
- Year Built
- 1954
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 14,375 SF
- Units
- 11
Location Insight
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Latitude
- 37.448260058248
- Longitude
- -122.16338046467
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 11-Unit Apartment Complex, Prime Location
- Where is the apartment building located?
- The property is located at 365 Everett Ave Palo Alto, CA.
- What is the asking price?
- The asking price for this property is $7,050,000.
- What are key features of this property?
- This property features: $7,050,000 asking price for an 11-unit apartment building in Palo Alto, CA.; 3.72% cap rate, 4.42% pro-forma cap rate.; 100% occupancy with a current NOI of $262,353 and a pro-forma NOI of $311,427.
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