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$11,700,000
Est. payment /mo
9,665 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,665 sqft
Price per Sqft $1,210
MLS Listing ID ML81997363
HOA Y/N No
Year Built 1956
Lot Size 0.459 Acres
Acres 0.46
Property Sub-Type Other
Property Description
Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto. Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units. Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area. Hawthorne Apartments is well-positioned in one of the Bay Areas 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.
Location
State CA
County Santa Clara
Zoning RM20
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
New Construction No
Others
Tax ID 12012021
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Listed by Adam S. Levin • Marcus & Millichap