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$1,625,000

Est. payment - /mo

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8,977 Sqft Lot

Price Dropped by $74K

1650 Bay East Palo Alto, CA 94303

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Chris Mardelli

Upside

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81991400

HOA Y/N No

Year Built 1960

Annual Tax Amount $20,843

Lot Size 8,977 Sqft

Property Description

Solid freshly upgraded complex with a good mixture of unit types and solid income. All tenants are paying rent regularly. 4 out of 5 units were recently renovated. Each unit in this attractive investment comes with dedicated parking spot, enhancing convenience for all residents. 3 of the parking spots are covered carports, providing additional protection and value. The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows throughout, ensuring energy efficiency and reduced noise pollution. All units benefit from updated plumbing and electrical systems, guaranteeing hassle-free living for tenants and peace of mind for the new owner. A brand-new, 6-foot security gate encircles the property, offering an extra layer of safety and privacy. A newly constructed laundry room adds a convenient amenity for all residents, potentially increasing the property's appeal and rental value. This multifamily listing is not just a living space but a carefully considered investment that has been upgraded and maintained to attract and retain quality tenants. Seize the opportunity to own this turnkey multifamily property, where every detail has been addressed to ensure an optimal blend of comfort, security, and profitability

Location

State CA

County San Mateo

Area 699 - Not Defined

Zoning R30000

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 3

Roof Type Composition

Total Parking Spaces 2

Building

Water Public

Schools

School District Other

Others

Tax ID 063221050

Security Features Security Lights

Special Listing Condition Standard

Listed by Vlad Rubashevsky 5 Stars Realty

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