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Key Details
Sold Price $2,750,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,346 sqft
Price per Sqft $2,043
MLS Listing ID ML81768240
Sold Date 10/04/19
HOA Y/N No
Year Built 1925
Annual Tax Amount $33,314
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
Attractive duplex with large front and back yards.Ea.unit has its own private entry. The two units share a 2-car garage. Both units are 1 BR 1 BA. Situated on a +-7,500 square foot parcel in the highly desirable and prestigious 'Old Palo Alto" neighborhood, this property offers a buyer a rare potential redevelopment opportunity in Old Palo Alto. The property is currently zoned RM-20 per the City of PA. This property offers a buyer several options to explore including redevelopment, owner occupying the existing structure or continuing with the property's current use as a rental duplex. The owner of the +-7,500 square foot parcel across the street at 115-123 Rinconada is currently in the process of developing 2 detached condominium homes per the City. Interested parties are encouraged to investigate various possibilities with the City as to what they might allow on the site and Buyers should rely solely on their own investigation. Quality Palo Alto schools. Buyer to verify all SF figures
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM-20
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Refrigerator
Exterior
Garage Spaces 2.0
Garage Description 2.0
Roof Type Bitumen,Composition,Shingle
Accessibility None
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 12419003
Financing Cash
Special Listing Condition Standard
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Bought with Michelle Clark • Cornish & Carey Commercial