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487 James Road, Palo Alto, CA 94306

Commercial property · 2 recorded sales since 2012

487 James Road, Palo Alto, CA 94306 Sold June 2024 CRMLS
$4,750,000Sold June 2024

Listing Agent: Joel Hopman (DRE #01934574) · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Eddy Tsang · United Assoc. Investments · MLS #ML81962173 · Source: CRMLS

7,144
Building Sq Ft
13,068 sqft
Lot Size
1963
Year Built
RM2
Zoning
Commercial property
Type

About this commercial property

Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.

Listing description from the June 2024 sale, as reported to CRMLS.

Sale history

$4,750,000
Sold June 2024 · listed $4,850,000, on market April 2024 · MLS #ML81962173 · Source: CRMLS
Listing Agent: Joel Hopman · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Eddy Tsang · United Assoc. Investments
$2,265,000
Sold April 2012 · listed $2,175,000, on market March 2012 · MLS #ML81210254 · Source: CRMLS
Listing Agent: Kirk Trammell · Listing Office: Marcus & Millichap · Contact: 213-943-1800
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