Property Details
About this Property
Incredible add-value opportunity! Fourplex in Midtown Palo Alto strategically positioned on 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! New owner can implement upgrades and achieve immediate upside. Only ¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally Studios, the bedrooms were converted from garage space. Tenants enjoy 4 driveway and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.
MLS Listing Information
MLS #
ML81946018
MLS Source
MLSListings, Inc.
Interior Features
Flooring
Laminate
Cooling
None
Heating
Gas, Wall Furnace
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Parking Area, Garage: 0 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Public Sewer
Water
Public
Zoning
RM3
Contact Information
Listing Agent
Matthew Thomson
Newmark Cornish & Carey
License #: 01471708
Phone: (650) 515-6555
Co-Listing Agent
Bryan Danforth
Newmark Cornish & Carey
License #: 01789680
Phone: (650) 274-5227
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 2 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 450 | 1 | 1/0 | $1,517 |
| 2 | 450 | 1 | 1/0 | $1,575 |
| 3 | 450 | 1 | 1/0 | $2,500 |
| 4 | 450 | 1 | 1/0 | $2,500 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
102 Colorado Ave is a Residential Income in Palo Alto, CA 94301. This 1,800 square foot property sits on a 7,853 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,925,000 and was built in 1953. This address can also be written as 102 Colorado Ave, Palo Alto, CA 94301.
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This listing information is up-to-date as of January 03, 2024. For the most current information, please contact Matthew Thomson, (650) 515-6555
