Quality, well maintained 20-unit apartment building consisting of (4) 2 BR x 1 BA units and (16) 1 BR x 1 BA units. Located in one of the Peninsula's most convenient locations contiguous to the Menlo Park border. In close proximity to University Circle (±452,000 SF of high end office space), Four Seasons Hotel, Major employers (Amazon & Facebook), Gateway 101 Shopping Center (Ikea, Target, Home Depot). Easy access to Downtown Palo Alto, Stanford University, Stanford Shopping Center & Highway 101. All units have a large private patio or balcony. Improvements since 2016 include: new roofs and downspouts, new dual pane windows, new exterior paint, balcony replacement/repair, new fencing, rod iron fence and gates & remodel of 8 unit interiors. Spacious and desirable floor plans. Low maintenance landscaping. Swimming pool. Large Owner/Manager storage room.Resident storage lockers. Attractive upside potential. Additional storage room rented to resident. One bedroom units have a large bedroom with a walk in closet.Individually metered for gas and electric and master metered for water. Square footage figures shown are approximate and are not guaranteed to be accurate, Buyer should rely on its own measurements. Rent levels shown in the Unit Mix section of this Loopnet Page is the average rent for that respective unit type. The current rent for the 1 bedroom 1 bath units range from $791/month to $2,350/month with the average current rent being $1,597/month. The current rent for the 2 bedroom 1 bath units range from $1,542/month to $2,995/month with the average current rent being $2,548/month.
