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1341 Stanford Ave
1341 Stanford+2050 Hanover-13 Homes on 2 Lots · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
First Time on Market in 20+ Years. Same Family Ownership for Multiple Generations
Can Be Purchased Together or Separately: 1341 Stanford Ave (7 Homes), 2050 Hanover St (6 Homes)
Current CAP Rate: 2.13% / Pro-Forma CAP Rate: 3.72%; Current GRM: 25.5 / Pro-Forma GRM: 17.7; Cost/SF: $1,062/SF. Cost/Land Foot: $242/Land Foot
13 Spacious Homes (All Separately Metered) on 2 Oversized Parcels Totaling 1.25 Acres Next to Stanford University
Turnkey, Easy to Manage w/ Steady, Headache-Free Cashflow. Palo Alto Location Offers Capital Preservation w/ Long-Term Value Appreciation
All 13 Homes Offer Central Forced Air Furnaces, Majority Offers AC, New Electric Panels, Copper Plumbing, Dishwashers, In-Home Washers/Dryers
PROPERTY FACTS
No. Units
7
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
0.72 AC
Building Size
6,490 SF
No. Stories
1
Year Built
1939
Parking Ratio
1.08/1,000 SF
UNIT AMENITIES
Air Conditioning Dishwasher Fireplace Washer/Dryer
Kitchen Hardwood Floors Refrigerator Range
Tub/Shower Walk-In Closets Yard
Garden Pantry Vinyl Flooring
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
3
$2,973
830
2+1
10
$3,495
979 - 1,007
