408-412 Leland Ave
Palo Alto, CA 94306
Multifamily Property For Sale · 5 Units

Full Address is: 408-412 Leland Avenue, Palo Alto, CA. Attractive 5-Unit apartment building located in the highly desirable Evergreen Park neighborhood across El Camino Real from the Stanford Campus. Desirable unit mix consisting of: (1) 3 BR x 1.5 BA, (1) 2 BR x 2 BA, (2) 2 BR x 1 BA and (1) Rental Room w/ 1 BA and no formal kitchen. Early 20th Century charm & features including high ceilings in select units. Corner lot w/ spacious front yard areas. The Seller walled off what was at one time a 4 BR 2.5 BA unit to create the 3 BR 1.5 BA unit and the Rental Room w/ 1 BA and no formal kitchen that currently exists and built-out a large attic with cathedral ceilings to create one of the existing 2 BR 1 BA units. The attic build-out and the walling off of the Rental Room w/1 BA from what was a 4 BR 2.5 BA unit were completed without a building permit. 2 BR 2 BA unit has interior washer and dryer. Common laundry room. Additional storage. Close Proximity to Stanford University & Stanford Research Park creates significant rental demand. Rare opportunity to purchase an apartment property in prime Palo Alto location with easy access to: Stanford University; Stanford Research Park; Town & Country Village Shopping Center, Palo Alto High School; Downtown Palo Alto; California Avenue Business District and Cal Train Station; Peers Park and the Stanford/Palo Alto Community Playing Fields.