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Listed by Adam S. Levin • Marcus & Millichap
$10,900,000
Est. payment /mo
1,369 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,369 sqft
Price per Sqft $7,962
MLS Listing ID ML82030530
Year Built 1922
Lot Size 4,164 Sqft
Property Sub-Type Five or More Units
Property Description
Hawthorne Apartments is a well-located apartment community at 325327 Hawthorne Avenue, just two blocks from Downtown Palo Alto. Built in 1956 on two contiguous parcels totaling approximately 20,000 square feet, the property offers roughly 9,665 square feet of gross building area with thoughtfully designed one-bedroom floor plans, including the added stability of a five-year corporate lease for select units. Tenants benefit from a prime, walkable location near Downtown Palo Alto, Stanford University, Stanford Shopping Center, and the Palo Alto Caltrain station, with easy access to major tech employers, transportation, shopping, and dining. Situated in one of the Bay Areas most desirable citiesrecently ranked #6 Top 100 Best Places to Livethe propertys investment appeal is driven by Palo Altos strong employment base, low vacancy levels, and world-class Silicon Valley location.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning RM2
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Attached Garage
Garage Spaces 15.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 120-14-132
Security Features None
Special Listing Condition Not Applicable
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