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Sold for $12,000,000
  • $12,000,000

    Park Paloalto, Palo Alto, CA 94306

    5beds
    4baths
    23,213sqft
    Five Or More Units, Residential Income
    Built in 1970
    -- sqft lot
    $13,467,200 Zestimate®
    $517/sqft
    $4,711 Estimated rent

    Home value

    $13,467,200

    $11.58M - $16.03M

    $4,711/mo

    Zestimate® history
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    $4,711/mo

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    $4,711/mo

    Rent Zestimate®

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    $76,804/mo

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    $76,804/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew Thomson 01471708 650-515-6555,

    Compass 415-874-5000,

    Bryan Danforth 01789680 650-274-5227

    Bought with:

    Matthew Thomson, 01471708

    Compass

    Bryan Danforth, 01789680

    Compass

    Source: MLSListings Inc,MLS#: ML81969973MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    Heating
    • Electric
    Cooling
    • None
    Features
    • Flooring: Carpet, Hardwood, Tile
    Interior area
    • Total structure area: 23,213
    • Total interior livable area: 23,213 sqft

    Property

    Parking
    • Total spaces: 38
    • Parking features: Attached, Electric Gate
    • Garage spaces: 38
    • Has carport: Yes
    Accessibility
    • Accessibility features: Parking
    Features
    • Pool features: Community
    Lot
    • Size: 0.66 Acres
    Details
    • Parcel number: 13241073
    • Zoning: RM4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter and Slab
    • Roof: Composition, Shingle
    Condition
    • Year built: 1970

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    HOA
    • Amenities included: Community Pool, Community Security Gate
    Location
    • Region: Palo Alto

    Financial & listing details

    • Price per square foot: $517/sqft
    • Date on market: 6/17/2024
    • Listing agreement: ExclusiveAgency
    • Inclusions: OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    8/1/2024Sold$12,000,000-6.3%$517/sqft
    Source: MLSListings Inc #ML81969973 Report a problem
    7/2/2024Contingent$12,800,000$551/sqft
    Source: MLSListings Inc #ML81969973 Report a problem
    6/17/2024Listed for sale$12,800,000$551/sqft
    Source: MLSListings Inc #ML81969973 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Barron Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • 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
    $13,467,200
    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
    $13,467,200