408 Leland Ave | Palo Alto, CA 94306
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- LoopNet Team
408 Leland Ave
Palo Alto, CA 94306
408-412 Leland Ave · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Investors have the opportunity to acquire a well-situated asset located across the street from the world-class Stanford University Campus.
- 408-412 Leland Ave is comprised of beautifully designed three-bedroom and two-bedroom floor plans featuring in-unit washers and dryers.
- 408-412 Leland Ave benefits from its close proximity to Downtown Palo Alto and Stanford creating a strong demand and high prices for rental rates.
- Investors have the opportunity to further increase cash flow through developing a two-bedroom two bathroom ADU.
- The subject property is located in the Palo Alto Unified School District, continuously ranking as the number one school district in California.
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 3,293 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | RM2 | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,293 SF |
| No. Stories | 2 |
| Year Built | 1910 |
| Zoning | RM2 |
PROPERTY TAXES
| Parcel Number | 124-30-042 | Improvements Assessment | $204,000 |
| Land Assessment | $3,500,385 | Total Assessment | $3,704,385 |
PROPERTY TAXES
Parcel Number
124-30-042
Land Assessment
$3,500,385
Improvements Assessment
$204,000
Total Assessment
$3,704,385
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