325 Hawthorne AVE, Palo Alto, CA 94301 – ML81997363

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Adam S. Levin • Marcus & Millichap

$12,000,000

Est. payment - /mo

1 Bed

1 Bath

9,665 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,665 sqft

Price per Sqft $1,241

MLS Listing ID ML81997363

Bedrooms 1

Full Baths 1

Year Built 1956

Lot Size 0.459 Acres

Property Sub-Type Five or More Units

Property Description

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.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM20

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Exterior

Parking Features Attached Garage, Uncovered Parking

Garage Spaces 8.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Others

Restrictions Other

Tax ID 120-12-021

Security Features Other

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

325 Hawthorne AVE Palo Alto, CA 94301

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others