1851 Clarke Avenue, East Palo Alto, CA 94303
- $8,320,000
- List Price
- $8,320,000
- Status
- ACTIVE
- MLS#
- ML82016881
- Year Built
- 1962
- Lot Size
- 43,124
- Acres
- 0.99
- Days on Market
- 48
- Property Type
- Commercial
Property Description
PRICE ADJUSTMENT! Very limited opportunities to purchase on the West Side in East Palo Alto! This building consists of 32 Units, 2:Studios 18:1x1 and 12:2x1 units with 38 parking stalls. Woodland Park Multifamily Portfolio comprises 16 apartment buildings in a highly sought after area of the Peninsula between University Ave & Embarcadero Rd. Each asset within the portfolio can be sold individually or collectively (OM provided in disclosure link). These properties are adjacent to Woodland Creek, the natural boundary between the most prestigious and affluent neighborhood in Palo Alto, if not the Bay Area, Crescent Park, and East Palo Alto. With easy access to Highway 101, residents are situated just moments away from the vibrant cities of Palo Alto and Menlo Park. Embark on this fantastic opportunity to add value to each unit and capitalize on the potential of this high-demand area. Located in an opportunity Zone, The Woodland Park Portfolio offers potential for future growth and investment benefits!
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Additional Information
- Cooling
- Yes
- Cooling Description
- None
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $755,819
Listing courtesy of Listing Agent: Sergio Sanchez (sergiosanchez@kw.com) from Listing Office: KW Santa Clara Valley Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.