Property Details
About this Property
408-412 Leland Ave is a stunning 5*-unit investment opportunity located across the street from the globally recognized Stanford University Campus in the thriving city of Palo Alto, California. Situated on a 5,000-square-foot parcel of land, the subject property was originally constructed in 1910 and has a gross building area of approximately 3,293 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. Additionally, investors have the opportunity to further increase cash flow through developing a two-bedroom two-bathroom ADU. 408-412 Leland Ave is well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of "Top 100 Best Places to Live in America". The subject property offers renters closer proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Cloudera, Visa, Sony as well as many others.
MLS Listing Information
MLS #
ML81952083
MLS Source
MLSListings, Inc.
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Shingle
Foundation
Wood Frame
Parking, School, and Other Information
Garage/Parking
Attached Garage, Off-Street Parking, Garage: 2 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Public Sewer
Water
Public
Zoning
RM2
Contact Information
Listing Agent
Cole Simpson
Marcus & Millichap
License #: 02016525
Phone: (650) 888-7696
Co-Listing Agent
Robert Johnston
Marcus & Millichap
License #: 01853816
Phone: (650) 391-1744
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 3 | 2/0 | – |
| 2 | – | 2 | 2/0 | – |
| 3 | – | 2 | 1/0 | – |
| 4 | – | 2 | 1/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
412 Leland Ave is a Residential Income in Palo Alto, CA 94306. This 3,293 square foot property sits on a 4,792 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,631,750 and was built in 1910. This address can also be written as 412 Leland Ave, Palo Alto, CA 94306.
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This listing information is up-to-date as of March 14, 2024. For the most current information, please contact Cole Simpson, (650) 888-7696
