* Financials based on proforma numbers. 707-721 Sutter Avenue is a prestigious 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 sf, 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.
|LAST UPDATED||5/3/2019||YEAR BUILT||1954|
|STATUS||Sold||PROPERTY TYPE(S)||Multi Family|
|School District||Palo Alto Unified|
|BASEMENT||Foundation: Concrete Slab|
|SEWER||Sewer: Sewer Connected|
TOTAL MONTHLY PAYMENT
Based on information from MLSListings MLS as of 5/27/20 6:59 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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