This Multifamily Property is no longer advertised on LoopNet.com.

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
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

ZONING

Zoning Code RM30
  • Listing ID: 30055046

  • Date on Market: 11/14/2023

  • Last Updated:

  • Address: 102 Colorado, Palo Alto, CA 94301