Palo Alto CA  home offered at $5,095,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

331 Poe Street
Palo Alto, California CA 94301
Sold For: $4,650,000
Listing ID: ML81920951
Price/SqFt: $795.82
Status: Closed
Sold Date: 6/09/2023
SqFt: 5,843 Sq Ft
Year Built: 1965

Rarely available pride of ownership 7-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, and (4) 1+1 unit mix with 1:1 parking. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (each unit), a pool, oversized storage units, and a leasing office. Most apartments have updated kitchens and baths and plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. Attractive assumable financing available: ~6 years remaining at 3.36%.

Primary Features

County: Santa Clara
Price/SqFt: 795.82
Property Type: Commercial Sale
Year Built: 1965
Zoning: R1

Interior

Cooling Type: Central Air, Wall/Window Unit(s)
Cooling: yes
Heating: yes
Heating Type: Central, Wall Furnace

External

Carport Spaces: 7
Lot Size Source: Assessor
Number Of Buildings: 1
Roof: Metal
Water Source: Public

Location

MLS Area Major: 699 - Not Defined

Additional

Co List Agent State License: 01033820
Co List Office State License: 00586119
Days On Market: 32
List Agent State License: 01934574
List Office State License: 00586119
Parcel Number: 12012037
Year Built Source: Assessor

Financial

Gross Scheduled Income: 285206
Insurance Expense: 5357
Maintenance Expense: 4257
Other Expense: 3876
Special Listing Conditions: Standard
Tax Annual Amount: 61710
Total Expenses: 98285
Trash Expense: 1881

Zoning Info


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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Listed by: JoelHopman, DRE #01934574 from Newmark Cornish & Carey (408) 727-9600

Contact - Listing ID ML81920951

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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