331 Poe Street, Palo Alto CA, 94301

Sold

331 Poe Street

Palo Alto CA, 94301

$4,650,000

$795.82 per sqft

Sold

5,843 sqft

Commercial

Built in 1965

Listed by Joel Hopman with Newmark Cornish & Carey (408) 727-9600

Rarely available pride of ownership 7-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, and (4) 1+1 unit mix with 1:1 parking. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (each unit), a pool, oversized storage units, and a leasing office. Most apartments have updated kitchens and baths and plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. Attractive assumable financing available: ~6 years remaining at 3.36%.

ML81920951

MLSⓇ ID

March 8, 2023

Listed

March 23, 2024

Updated

Map

331 Poe Street
Palo Alto CA, 94301

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Central Air, Wall/Window Unit(s)
Heating: Yes
Heating Description: Central, Wall Furnace

Exterior/Building Features

Lot Size: 0.21 Acres
Roof: Metal

School Information

School District: Palo Alto Unified
High School: Palo Alto
Elementary School: Other

Other Property Details

Area Name: 699 - Not Defined
Taxes: $61,710
Tax Frequency: Annually
Days on Market: 32
Garage: No
Parking Total: 0
View: No
County: Santa Clara
Water Source: Public
Pool: No
Zoning: R1
Buyer Agency Compensation: 2.5%

Listing Contact: (408) 727-9600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:27 AM UTC