102 Colorado AVE, Palo Alto, CA 94301
- $1,925,000
- 4
- BD
- 1,800
- SqFt
Listed by Matthew Thomson, 650-515-6555 from Newmark Cornish & Carey
(If provided) CoList: Bryan Danforth from Newmark Cornish & Carey
Sold listing courtesy of Richard Hernandez from COMPS
- Sold Price
- $1,925,000
- List Price
- $2,095,000
- Closing Date
- Dec 29, 2023
- MLS#
- ML81946018
- Status
- SOLD
- Zoning
- RM3
- Sqft. of Residence
- 1,800
- Lot Size
- 7,853
- Listing Area
- Midtown
Property Description
Incredible add-value opportunity! Fourplex in Midtown Palo Alto strategically positioned on 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! New owner can implement upgrades and achieve immediate upside. Only ¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally Studios, the bedrooms were converted from garage space. Tenants enjoy 4 driveway and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.
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Additional Information
- Acres
- 0.18
- Age
- 70
- Cooling System
- None
- Floor Covering
- Laminate
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Parking Area
- Heating System
- Gas, Wall Furnace
- Living Area
- 1,800
- Lot Size
- 7,853
- Neighborhood
- Midtown
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM3
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