Palo Alto CA  home offered at $4,998,000 

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

 

127 Lytton Avenue
Palo Alto, California CA 94301
Sold For: $4,000,000
Listing ID: ML81927084
Price/SqFt: $860.22
Status: Closed
Sold Date: 12/29/2023
SqFt: 4,650 Sq Ft
Year Built: 1946

The property has an excellent location one block off University Avenue in downtown Palo Alto. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant; 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024. The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project.

Primary Features

County: Santa Clara
Price Before Reduction: 6000000
Price Reduction Date: 2023-09-27T18:41:48+00:00
Price/SqFt: 860.22
Property Type: Commercial Sale
Year Built: 1946
Zoning: CD-C (P), Downtown Commercial (Commun...

Interior

Cooling: yes
Heating: yes
Heating Type: Central
Office Square Footage: 2325
Stories Total: 1

External

Lot Size Source: Assessor
Roof: Bitumen, Elastomeric
Water Source: Public

Location

MLS Area Major: 699 - Not Defined

Additional

Co List Agent State License: 01514751
Co List Office State License: 01240999
Current Use: Commercial
Days On Market: 238
List Agent State License: 01930127
List Office State License: 01240999
Parcel Number: 12025110
Year Built Source: Assessor

Financial

Gross Scheduled Income: 132083
Maintenance Expense: 8813
Other Expense: 11491
Professional Management Expense: 6455
Tax Annual Amount: 39955
Total Expenses: 68794

Zoning Info


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Listed by: JoshuaJohnson, DRE #01930127 from Marcus & Millichap (650) 391-1700

Contact - Listing ID ML81927084

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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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