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2122 Williams St
Palo Alto, CA 94306
2106 - 2122 Williams: 4-Plex + Duplex · Multifamily Property For Sale
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6 Units
Investment Highlights
- ix units on two adjacent parcels (Fourplex + Duplex) Available together or individually
- Strong in-place income with value-add, ADU, and redevelopment potential
- Potential for residential-style financing using separate loans on each parcel
- Prime College Terrace location adjacent to Stanford University and Stanford Research Park
- Direct gated access to Cameron Park and walking distance to California Avenue and Caltrain
Executive Summary
Rare opportunity to acquire a six-unit multifamily investment in Palo Alto's highly desirable College Terrace neighborhood. Offered on two adjacent parcels, the property consists of a fourplex and duplex which are available individually or together as 6 well-maintained units with strong in-place income and significant long-term upside. Investors can pursue multiple strategies including value-add renovations, ADU development, owner occupancy, long-term hold, or future redevelopment. Located just steps from Stanford University, Stanford Research Park, California Avenue, and Caltrain, the property benefits from exceptional tenant demand and one of the strongest rental markets in Silicon Valley. The parcels may be purchased together or separately and offer a unique opportunity to utilize residential-style financing through separate loans on each parcel.
Property Facts
| Price Per Unit | $831,667 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.70% | Lot Size | 0.16 AC |
| Sale Condition | 1031 Exchange | Building Size | 3,298 SF |
| Gross Rent Multiplier | 22.67 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R3 | ||
| Price Per Unit | $831,667 |
| Sale Type | Investment |
| Cap Rate | 2.70% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 22.67 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,298 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,823 | 721 - 775 |
| 2+1 | 1 | $3,925 | 915 |
| Studios | 2 | $2,400 | 400 - 462 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $571,610 | |
| Land Assessment | $3,379,832 | Total Assessment | $3,951,442 |
Property Taxes
Parcel Numbers
Land Assessment
$3,379,832
Improvements Assessment
$571,610
Total Assessment
$3,951,442
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