102 Colorado | Palo Alto, CA 94301
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- LoopNet Team
102 Colorado
Palo Alto, CA 94301
Multifamily Property For Sale · 4 Units
INVESTMENT HIGHLIGHTS
- All 4 units are 1-bed, 1-bath apartments
- Large 7,607 sf corner lot
- Laundry room with washer and dryer - currently free for tenants, but could be swapped for coin-operated machines to provide additional income
- THREE UNITS are currently vacant allowing an owner to renovate and realize immediate upside potential
- RM-30 Zoning is high density in this district, giving a buyer the option to continue to operate as a 4-plex with good rental income, or redevelop.
- Garage parking has been converted into the bedrooms for each of the 4 units, upgrading what was previously an all studios unit mix
PROPERTY FACTS
| No. Units | 4 | Building Size | 1,800 SF |
| Property Type | Multifamily | Average Occupancy | 25% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1953 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 0.18 AC | Cross Streets | Alma |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 1,800 SF |
| Average Occupancy | 25% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 3.33/1,000 SF |
| Cross Streets | Alma |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 450 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $337,672 | |
| Land Assessment | $220,297 | Total Assessment | $557,969 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$220,297
Improvements Assessment
$337,672
Total Assessment
$557,969
ZONING
| Zoning Code | RM30 |
| RM30 |
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