102 Colorado Avenue, Palo Alto, CA 94301

About this fourplex

Incredible add-value opportunity! Fourplex in Midtown Palo Alto strategically positioned on 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! New owner can implement upgrades and achieve immediate upside. Only ¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally Studios, the bedrooms were converted from garage space. Tenants enjoy 4 driveway and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.

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

Sale history

$1,925,000

Sold December 2023 · listed $2,095,000, on market October 2023 · MLS #ML81946018 · Source: CRMLS

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

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