Downtown Palo Alto Craftsman-style residence has 2 units in the main house and a detached studio cottage. Originally built in 1910 and fully renovated in 2018 with stylish quality finishes, the property is just 3 blocks from University Avenue. Unit 1: Front porch entry; 2 beds and 2 baths, including a master suite; living room with fireplace; kitchen with breakfast bar and stainless appliances; adjoining family/dining room opens to backyard deck through French doors; spacious attic/loft is a flexible space – excellent as a yoga or art studio, or a hobby or play room. Unit 2: Lower-level unit with a private entrance has 2 beds, 1.5 baths, an office, living / dining area and a kitchenette. Unit 3: A detached cottage; studio style-living space with kitchen and French doors to a private patio. Each unit has laundry facilities. The main house has approximately 2,324 square feet of living space; the cottage, approximately 210 square feet. This is a low maintenance, high occupancy property in a highly sought-after Palo Alto location near Stanford University, Stanford Shopping Center, parks, excellent Palo Alto Schools, a Caltrain station, and several top Silicon Valley employers, including Facebook, Google, Apple, Amazon, Cisco, Oracle and more. This property is on the San Francisco Peninsula, midway between San Francisco and San Jose with easy access to international airports, public transportation and major commute routes for accessing the entire Bay Area.
See the attached single-sheet flyer with current property income, expenses and rent roll.
