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Key Details
Sold Price $1,925,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $1,069
MLS Listing ID ML81946018
Sold Date 12/29/23
Bedrooms 4
HOA Y/N No
Year Built 1953
Lot Size 7,853 Sqft
Acres 0.18
Property Description
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 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.
Location
State CA
County Santa Clara
Area Listing
Zoning RM3
Interior
Heating Natural Gas, Wall Furnace
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Building
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 13225047
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© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with RichardHernandez