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Pinnacle Realty Advisors

support@pinnaclera.com +1(972) 338-5441

Listed by Sergio Sanchez • KW Santa Clara Valley Inc

$ 3,204,000

Est. payment -/mo

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5 Newell RD East Palo Alto, CA 94303

3 Beds

2 Baths

12,580 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 12,580 sqft

Price per Sqft $254

MLS Listing ID ML82015887

Style Traditional

Bedrooms 3

Full Baths 2

Year Built 1960

Lot Size 0.305 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

PRICE ADJUSTMENT! Very limited opportunities to purchase on the West Side in East Palo Alto! This building consists of 12 Units, 4:Studios 2:1x1 and 6:2x1 units with 12 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!

Location

State CA

County San Mateo

Area West Of U.S. 101

Zoning R-4

Interior

Heating Central Forced Air - Gas, Forced Air

Cooling None

Flooring Laminate, Tile

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Common Parking Area, Covered Parking, On Street, Uncovered Parking

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Grade - Level

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Architectural Style Traditional

Others

Tax ID 063-513-350

Special Listing Condition Not Applicable