$2,500,000
$2,700,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 11/04/2024
Key Details
Sold Price $2,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81979613
Sold Date 11/04/24
HOA Y/N No
Year Built 1958
Annual Tax Amount $32,843
Lot Size 0.281 Acres
Property Description
4185 Byron St. represents a rare opportunity to acquire a 6-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. Originally built in 1958, the property is situated on a 12,222 square foot parcel of land with a gross building area of 4,285 square feet and features stunning one-bedroom floor plans, some with large private patios. Palo Alto was recently ranked #6 on the livability.com list of Top 100 Best Places to Live in America. The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others. The investment appeal of this asset is driven by Palo Altos incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 4185 Byron St is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning PC
Interior
Heating Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 6
Roof Type Shingle
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 14708019
Financing Cash
Special Listing Condition Standard
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Bought with Eymon Binesh • Marcus & Millichap
15910 Ventura Blvd. Suite 101 Encino CA 91436, Encino, CA, 91436, USA