Palo Alto, CA 94306,487 James RD
Palo Alto, CA 94306,487 James RD
Palo Alto, CA 94306,487 James RD
32
$4,750,000
$4,850,000
2.1%
Est.Price: ?

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0.3 Acres Lot

487 James RD Palo Alto, CA 94306

Est. payment /mo
SOLD DATE : 06/14/2024

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Key Details

Sold Price $4,750,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81962173

Sold Date 06/14/24

HOA Y/N No

Year Built 1963

Annual Tax Amount $58,356

Lot Size 0.300 Acres

Property Description

Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM2

Interior

Heating Central

Fireplace No

Exterior

Carport Spaces 11

Roof Type Composition,Shingle

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Henry M. Gunn

School District Palo Alto Unified

Others

Tax ID 13246079

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with Eddy Tsang • United Assoc. Investments

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Ryan Mills

REALTOR® | License ID: 01434392

+1(805) 491-4611

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