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Listed by Jennifer Buenrostro • Compass, DRE#01733750
$ 5,980,000
Est. payment | /mo
4 Beds
5 Baths
6,084 SqFt
$ 5,980,000
Est. payment | /mo
4 Beds
5 Baths
6,084 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,084 sqft
Price per Sqft $982
MLS Listing ID ML82067409
Bedrooms 4
Full Baths 5
Year Built 1915
Lot Size 10,000 Sqft
Property Sub-Type Five or More Units
Property Description
This distinctive Palo Alto property offers a rare combination of luxury residential accommodations, substantial finished bonus space, and flexibility for a variety of investment and owner-user strategies. Featuring seven luxury residences, from a studio to an expansive three-bedroom-plus-office penthouse, the property offers 6,000+ SF of residential space plus 3,000+ SF of finished basement bonus space. Renovated in 2019 with upscale kitchens, baths, and finishes throughout, the property currently operates with Blueground, offering established furnished housing and corporate rental potential. The finished basement, complete with kitchen and bathroom, provides flexibility for potential office use, collaborative workspace, or recreation. The unique configuration appeals to multifamily investors, corporate housing operators, technology companies seeking employee accommodations and workspace, and owner-users combining residential and business uses. Ideally located near downtown Palo Alto, Stanford University, Stanford Shopping Center, and Stanford Research Park, with convenient access to Silicon Valley's leading technology companies. A rare opportunity to acquire a versatile asset with diverse investment and owner-user possibilities in an exceptional Silicon Valley location.
Location
State CA
County Santa Clara
Area Crescent Park
Zoning R1
Interior
Heating Wall Furnace
Cooling Multi-Zone, Window / Wall Unit
Exterior
Parking Features Assigned Spaces, Off-Street Parking, On Street
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 003-01-076
Security Features Other
Special Listing Condition Not Applicable
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