* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station.
* The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential.
* Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage).
* All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit.
* The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents.
* The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets.
* 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago.
* Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership.
* Ample off-street permitted parking & on-site laundry facilities.
* Deck, property & termite reports available.
* An A+ property.