412 Leland Avenue, Palo Alto, CA 94306
Fourplex · 2 recorded sales since 2019
Sold March 2024
Listing Agent: Cole Simpson (DRE #02016525) · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Susan Sims · The Agency · MLS #ML81952083 · Source: CRMLS
About this fourplex
408-412 Leland Ave is a stunning 5*-unit investment opportunity located across the street from the globally recognized Stanford University Campus in the thriving city of Palo Alto, California. Situated on a 5,000-square-foot parcel of land, the subject property was originally constructed in 1910 and has a gross building area of approximately 3,293 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. Additionally, investors have the opportunity to further increase cash flow through developing a two-bedroom two-bathroom ADU. 408-412 Leland Ave is well-positioned in one of the Bay Area's 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". The subject property offers renters closer proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Cloudera, Visa, Sony as well as many others.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history
