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Palo Alto, CA 94306,3820 Park BLVD
Palo Alto, CA 94306,3820 Park BLVD
Palo Alto, CA 94306,3820 Park BLVD
$12,000,000
Est. payment /mo
$12,800,000
6.3%
Est.Price: ?

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0.66 Acres Lot
SOLD DATE : 08/01/2024

Key Details

Sold Price $12,000,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81969973

Year Built 1970

Annual Tax Amount $151,934

Lot Size 0.661 Acres

Property Description

CASA CAROLINA APARTMENTS - 24 UNITS IN PRIME PALO ALTO! First time on the market since being built in 1970. Incredible Unit Mix: (10) 2+2, (6) 2+1, (8) 1+1. Huge oversized units, all with private balcony or patio & yards. Lush landscaping with beautiful courtyard and swimming pool. Gated community with 34 subterranean tuck-under parking spaces and 4 ground-level open spaces. All copper plumbing and all units have dishwashers. 1/3 of the units have been fully renovated, 1/3 of the units have been moderately remodeled & 1/3 of the units are original offering significant add-value opportunity with continuing upgrades & increasing rents. On-site laundry facility and additional storage provides extra income. Ability to add 6 ADUs. Irreplaceable location less than a mile from California Avenue Business District & Caltrain Station with numerous shopping, dining & entertainment options. Less than a mile from the Stanford Research Park, home to 150+ companies comprised of a diverse and thriving community of employees & innovators. 1.5 miles from Stanford University. "Very Walkable" score of 81 and "Biker's Paradise" score of 100 and feeds into excellent Palo Alto school districts.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM4

Interior

Heating Electric

Cooling None

Exterior

Roof Type Composition,Shingle

Building

Water Public

Schools

School District Palo Alto Unified

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Thomson • Compass
Bought with Matthew Thomson • Compass
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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