$ 1,750,000
1650 Bay RD East Palo Alto, CA 94303
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$ 1,750,000
Est. payment | /mo
8,977 Sqft Lot
$ 1,750,000
Est. payment | /mo
8,977 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81976620
HOA Y/N No
Year Built 1960
Annual Tax Amount $14,668
Lot Size 8,977 Sqft
Property Description
Solid freshly upgraded complex with a good mixture of unit types and solid income. All tenants are paying rent regularly. 4 out of 5 units were recently renovated. Each unit in this attractive investment comes with dedicated parking spot, enhancing convenience for all residents. 3 of the parking spots are covered carports, providing additional protection and value. The recent renovations extend beyond the interiors, as the building is equipped with a newly installed roof and dual-pane windows throughout, ensuring energy efficiency and reduced noise pollution. All units benefit from updated plumbing and electrical systems, guaranteeing hassle-free living for tenants and peace of mind for the new owner. A brand-new, 6-foot security gate encircles the property, offering an extra layer of safety and privacy. A newly constructed laundry room adds a convenient amenity for all residents, potentially increasing the property's appeal and rental value. This multifamily listing is not just a living space but a carefully considered investment that has been upgraded and maintained to attract and retain quality tenants. Seize the opportunity to own this turnkey multifamily property, where every detail has been addressed to ensure an optimal blend of comfort, security, and profitability
Location
State CA
County San Mateo
Area 699 - Not Defined
Zoning R30000
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 3
Roof Type Composition
Total Parking Spaces 2
Building
Water Public
Schools
School District Other
Others
Tax ID 063221050
Special Listing Condition Standard
Listed by Vlad Rubashevsky • 5 Stars Realty
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Justin Bonney
Broker Associate, REALTOR® | Lic# 01338897