This Multifamily Property is no longer advertised on LoopNet.com.
102 Colorado
Palo Alto, CA 94301
Multifamily Property For Sale · 4 Units
![102 Colorado, Palo Alto, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/3r_P6yrrLBcso-85pZDjM5WpQts7Tgt9iKFCg6b-w0c/110/102-Colorado-Palo-Alto-CA-Building-Photo-1-Large.jpg)
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
Parcel Numbers |
Multiple
|
Improvements Assessment | $337,672 |
Land Assessment | $220,297 | Total Assessment | $557,969 |
ZONING
Zoning Code | RM30 |
Listing ID: 30055046
Date on Market: 11/14/2023
Last Updated:
Address: 102 Colorado, Palo Alto, CA 94301
The Midtown Palo Alto Multifamily Property at 102 Colorado, Palo Alto, CA 94301 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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