East Palo Alto, CA 94303,1637 Woodland AVE

$1,650,000

Est. payment /mo

$1,595,000

3.4%
Est.Price: ?

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1637 Woodland AVE East Palo Alto, CA 94303

4,150 SqFt

SOLD DATE : 11/23/2022

Key Details

Sold Price $1,650,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,150 sqft

Price per Sqft $397

MLS Listing ID 22214575

Sold Date 11/23/22

HOA Y/N No

Year Built 1958

Lot Size 8,106 Sqft

Property Description

1637 Woodland Ave features a six (6) unit apartment building located in East Palo Alto on the west side of Highway 101, just off of University Ave on the border of Palo Alto. Tucked away in foliage on a residential street, the building contains approx. 4,150 square feet, situated on a 8,107 (0.19 acre) lot per county assessor. The unit mix consists of all six (6) 1-bedroom/1-bathroom units including a detached 1-bedroom cottage with a large yard at the rear of the property. The units are in original condition, but well maintained by the long time owners with repairs as necessary. There are two (2) vacant units that will be delivered to the buyer for immediate value-add. The roof is good condition and has been replaced within the last 10 yrs. The property offers five (5) covered carport parking spaces with six (6) storage lockers for all tenants and a washer/dryer room. Utilities are individually metered for gas and electricity, with six (6) individual water heaters for each unit. The owner is responsible for water/sewer and garbage. This is the first time this property has been on the market since current owner's purchase back in 1977, providing a new investor a fantastic value-add opportunity.

Location

State CA

County San Mateo

Rooms

Ensuite Laundry Common Area, Laundry Room

Interior

Laundry Location Common Area,Laundry Room

Heating Wall Furnace

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Utilities Available Electricity Available, Natural Gas Available

Total Parking Spaces 5

Building

Lot Description Back Yard, Near Public Transit, Street Level, Value In Land

Story 2

Water Public

Others

Tax ID 063481070

Financing Cash,Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Shea Wigton • Compass
Bought with Andrew Black • Compass Commercial

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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