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$4,500,000
Est. payment /mo
5,937 Sqft Lot
UPDATED:
12/11/2024 10:09 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81988311
HOA Y/N No
Year Built 1900
Annual Tax Amount $57,198
Lot Size 5,937 Sqft
Property Description
405 Kipling St is an exceptional 6-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 5,936 square foot parcel of land, the subject property was originally constructed in 1900 and has a gross building area of approximately 2,196 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. 405 Kipling St is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability 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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CDC
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 8
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12015010
Special Listing Condition Standard
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Listed by Robert Johnston • Marcus & Millichap