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$11,500,000

Est. payment - /mo

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0.46 Acres Lot

Active

Hawthorne AVE Palo Alto, CA 94301

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Chris Mardelli

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 ML82014665

HOA Y/N No

Year Built 1956

Annual Tax Amount $137,252

Lot Size 0.459 Acres

Property Description

Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto. Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units. Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area. Hawthorne Apartments is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM20

Interior

Heating Wall Furnace

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 7

Building

Water Public

Schools

School District Palo Alto Unified

Others

Tax ID 12012021

Special Listing Condition Standard

Listed by Adam S. Levin Marcus & Millichap

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