1901 Cooley AvePalo Alto, CA 94303
- Residential income properties
- 3,000 SF
Property Details for 1901 Cooley Ave
- Year built
- 1946
- Property size (Sq ft)
- 3,000 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional East Palo Alto investment opportunity presents a well-maintained four-unit apartment building at 1901 Cooley Ave, situated on a spacious 7,274 square foot corner lot. The property boasts a strong 100% occupancy rate as of September 27, 2024, generating a substantial Net Operating Income (NOI) of $76,431, translating to a compelling 5.48% capitalization rate. The building, constructed in 1946, comprises two stories and features a mix of unit types: two oversized one-bedroom, one-bathroom units and two studio apartments. Each unit enjoys access to a private yard, enhancing tenant appeal. Ample parking is provided with eight spaces, including two garages, one equipped with washer/dryer hookups. The property's prime location offers convenient access to downtown Palo Alto's vibrant amenities, blending urban convenience with suburban tranquility. With a total square footage of 3,000 net rentable square feet, the asking price is $1,395,000, or $465 per square foot and $348,750 per unit. The property's APN is 063-481-210. This presents a rare chance to acquire a stable, high-performing multifamily asset in a highly desirable Silicon Valley location. Detailed financial information is available upon request.
Location Insight
- City
- Palo Alto
- County
- San Mateo
- State
- California
- Latitude
- 37.4558
- Longitude
- -122.139
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].