707 Sutter Ave
Palo Alto, CA 94303
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.39 AC |
| Property Type | Multifamily | Building Size | 4,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | ||
| Zoning | R3G | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 4,500 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Zoning | R3G |
Amenities
Unit Amenities
- Yard
- Patio
Site Amenities
- Laundry Facilities
About 707 SUTTER AVE , PALO ALTO, CA 94303
707-721 Sutter Avenue is a prestigious eight (8) unit apartment community located in the world-class Midtown region of Palo Alto, California. Situated on a 0.39-acre parcel of land, the subject property was originally constructed in 1954 and has a total gross area of approximately 4,500 square feet, offering residents quality and spacious one-bedroom/one-bathroom floor plans of approximately 563 square feet, with large private enclosed yards and covered patios. The investment appeal of this asset is driven by Palo Altos incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 707-721 Sutter is a highly coveted place to call home for Peninsula renters due to the close proximity to major employers, transportation corridors, shopping, dining and entertainment options. This pride of ownership asset is a truly unique opportunity to acquire a trophy investment property in the Silicon Valley.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 563 |
Property Taxes
| Parcel Number | 127-35-138 | Improvements Assessment | $400,000 |
| Land Assessment | $3,600,000 | Total Assessment | $4,000,000 |
Property Taxes
