Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
N/A
Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto. Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units. Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area. Hawthorne Apartments is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.4591
-
Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$11,500,000
-
Tax Amount
137252.0
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Location
County
Santa Clara
Elementary School
Middle School
High School
Listing Courtesy of Adam S. Levin , Marcus & Millichap
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