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Sold for $4,750,000
  • $4,750,000

    James Paloalto, Palo Alto, CA 94306

    7beds
    7baths
    7,144sqft
    Five Or More Units, Residential Income
    Built in 1963
    -- sqft lot
    $5,141,500 Zestimate®
    $665/sqft
    $5,452 Estimated rent

    Home value

    $5,141,500

    $4.52M - $5.91M

    $5,452/mo

    Zestimate® history
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    $5,452/mo

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    $30,080/mo

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    $30,080/mo

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    What's special

    Private balconyStanford universityRestaurant amenitiesExcellent public schoolsStanford shopping centerSubterranean parking areaSecure bike room
    Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.

    Zillow last checked:

    Listing updated:

    Listed by:

    Joel Hopman 01934574 415-722-2200,

    Newmark Cornish & Carey 408-727-9600

    Bought with:

    Eddy Tsang, 00984666

    United Assoc. Investments

    Source: MLSListings Inc,MLS#: ML81962173MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    Heating
    • Central Forced Air
    Cooling
    • Ceiling Fan(s)
    Features
    • Doors: None
    Interior area
    • Total structure area: 7,144
    • Total interior livable area: 7,144 sqft

    Property

    Parking
    • Parking features: Assigned, Covered
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 0.3 Acres
    Details
    • Parcel number: 13246079
    • Zoning: RM2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Slab
    • Roof: Composition, Shingle
    Condition
    • Year built: 1963

    Utilities & green energy

    • Gas: IndividualGasMeters
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Water Public

    Community & HOA

    Location
    • Region: Palo Alto

    Financial & listing details

    • Price per square foot: $665/sqft
    • Date on market: 4/19/2024
    • Listing agreement: ExclusiveRightToSell
    • Inclusions: OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    6/14/2024Sold$4,750,000-2.1%$665/sqft
    Source: MLSListings Inc #ML81962173 Report a problem
    5/14/2024Contingent$4,850,000$679/sqft
    Source: MLSListings Inc #ML81962173 Report a problem
    4/19/2024Listed for sale$4,850,000$679/sqft
    Source: MLSListings Inc #ML81962173 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Barron Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: JuanaBrionesElementary
    • Middle: TermanMiddle
    • High: HenryMGunnHigh
    • District: PaloAltoUnified

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $5,141,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,141,500