1835-1837 Woodland AvePalo Alto, CA 94303

Property Details for 1835-1837 Woodland Ave

Year built

1957

Property size (Sq ft)

2,073 SF

Property type

Retail properties

Property subtype

Apartment buildings

Description

This exceptional East Palo Alto investment opportunity presents a well-maintained, two-unit apartment building situated on a 5,974 square foot lot. The property, built in 1957, boasts a total of 2,073 square feet of net rentable space, with each unit featuring two bedrooms and one bathroom. Private garages with washer/dryer hookups provide added convenience for residents, complemented by individual yard spaces. The asking price is $1,050,000, representing a price per unit of $525,000 and a price per square foot of $506.51. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $40,393, resulting in a compelling 3.85% capitalization rate. Its strategic location, just two miles from Stanford University and Meta headquarters, and four miles from Google's headquarters, positions it within one of the Bay Area's most desirable growth corridors, offering exceptional access to renowned tech hubs, academic institutions, and local amenities. The property's address is 1835-1837 Woodland Ave, East Palo Alto, CA 94303, with APN 063-501-100. This property offers a blend of privacy, accessibility, and significant investment potential in a rapidly developing area.

Location Insight

City

Palo Alto

County

San Mateo

State

California

Latitude

37.4546

Longitude

-122.133

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