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3820 Park BLVD Palo Alto, CA 94306
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Key Details
Sold Price $12,000,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 23,213 sqft
Price per Sqft $516
MLS Listing ID ML81969973
Bedrooms 5
Full Baths 4
Year Built 1970
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 Ventura
Zoning RM4
Interior
Heating Electric
Cooling None
Flooring Carpet, Hardwood, Tile
Exterior
Parking Features Attached Garage, Electric Gate
Garage Spaces 38.0
Pool Pool - In Ground
Community Features Community Pool, Community Security Gate
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
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Bought with Matthew Thomson • Compass