Bought with Joel Hopman • Newmark Cornish & Carey
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Key Details
Sold Price $4,650,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,843 sqft
Price per Sqft $795
MLS Listing ID ML81920951
Sold Date 06/09/23
Bedrooms 7
Full Baths 5
Half Baths 2
Year Built 1965
Lot Size 9,001 Sqft
Property Sub-Type Five or More Units
Property Description
Rarely available pride of ownership 7-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, and (4) 1+1 unit mix with 1:1 parking. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (each unit), a pool, oversized storage units, and a leasing office. Most apartments have updated kitchens and baths and plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. Attractive assumable financing available: ~6 years remaining at 3.36%.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning R1
Interior
Heating Central Forced Air, Wall Furnace
Cooling Ceiling Fan, Central AC, Window / Wall Unit
Exterior
Parking Features Assigned Spaces, Carport , Electric Car Hookup
Pool Pool - Fenced, Pool - Heated, Pool - In Ground
Community Features Additional Storage, Community Pool, Other
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Metal
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Tax ID 120-12-037
Security Features None
Special Listing Condition Not Applicable
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