331 Poe Street, Palo Alto, CA 94301

About this commercial property

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%.

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

Sale history

$4,650,000

Sold June 2023 · listed $5,095,000, on market March 2023 · MLS #ML81920951 · Source: CRMLS

Listing Agent: Joel Hopman · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Joel Hopman · Newmark Cornish & Carey

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