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487 James Road

Palo Alto, CA 94306
  • $4,750,000
  • STATUS: Closed
  • ON SITE: 65 Days
  • ID#: ML81962173
Sold - 06/14/2024
$4,750,000
SOLD - 06/14/2024
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1963
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): Joel Hopman of Newmark Cornish & Carey ((408) 727-9600)


Description

Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.

Sold by Eddy Tsang of United Assoc. Investments.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-25T00:28:10.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/149528291
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487 James Road Palo Alto, CA 94306

  • Price: $4,850,000
  • Status: Closed
  • On Site: 65 Days
  • Updated: 131 min ago
  • ID#: ML81962173
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1963
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
Elementary School:
Other
Middle School:
Other
High School:
Henry M. Gunn
School District:
Palo Alto Unified
Property Description
Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.
Exterior Features

Carport Spaces 11 Carport YN Yes Parking Total 0 Roof CompositionShingle

Interior Features

Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Buyer Financing Cash Gross Scheduled Income 279445 Insurance Expense 4239 Listing Agreement Exclusive Right To Sell Maintenance Expense 6501 Other Expense 9794 Special Listing Conditions Standard Tax Annual Amount 58356 Trash Expense 3502 Water Source Public Zoning RM2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-25T00:28:10.537. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
5923 Severin Drive
La Mesa CA, 91942
Listing Agent(s): Joel Hopman of Newmark Cornish & Carey ((408) 727-9600)