271 Curtner Avenue, Palo Alto, CA 94306

About this commercial property

ATTRACTIVE SELLER FINANCING AVAILABLE! Two units currently vacant allowing a new owner to add value immediately by renovating and re-renting those units at higher rents. 6-unit apartment building in the heart of Silicon Valley in a great Palo Alto location. 1.5 miles from Stanford University, less than a mile from the Stanford Research Park, and 1 mile from the California Ave Caltrain Station. The property has one large 2-bed, 1-bath owner's unit with private balcony and fireplace, five 1-bed, 1-bath units, and a storage room/nonconforming studio ADU which could be expanded and made into a legal ADU. Perfect for an owner to live in the front unit and rent out the rest. Well maintained units with minimal deferred maintenance, but huge upside in rents in their as-is condition, or through renovation. New water heater, all copper plumbing and dual pane windows. ADU potential by converting some of the tuck-under spaces into a new unit.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$2,960,000

Sold September 2023 · listed $3,150,000, on market March 2023 · MLS #ML81920761 · Source: CRMLS

Listing Agent: Bryan Danforth · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Matthew Thomson · Newmark Cornish & Carey

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