$7,000,000
Rare opportunity to own an impeccably maintained, 38 unit apartment complex in East Palo Alto featuring a mix of one and two bedroom units. Known as "The Ardmore," the .88 acre lot includes gated entry and exit driveways, leading to the lower parking level with 42 spaces. The property is in outstanding condition, with many major improvements completed recently including the roof, drainage, water boiler and seismic retrofitting. Amenities include a central pool with newly installed gate, private balconies (recently inspected and compliant) and an on-site laundry room which produces additional income. Located west of Hwy 101 and north of University Ave, the property is conveniently located near major employment, retail and education hubs. Situated only 2 miles from Stanford University, 2.5 miles from Meta headquarters and 5.5 miles to Google headquarters, the complex is in the heart of the bustling Silicon Valley corridor.
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Listed by Daniel Fitzpatrick with Compass (415) 345-3000
Property Type
Residential Income
Status
Active
MLS Number
41122067
Year Built
1964
Lot Size
0.88 acres