330 Ventura Avenue, Palo Alto, CA 94306

$7,000,000

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List Price
$7,000,000
Status
ACTIVE
MLS#
ML82060846
Year Built
1957
Lot Size
19,323
Acres
0.44
Days on Market
1
Property Type
Commercial

Property Description

330 Ventura Ave is a stunning 15-unit apartment community located in the thriving city of Palo Alto, California. Situated on a 19,323 square foot parcel of land, the subject property was originally constructed in 1957 and has a gross building area of approximately 8,244 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private parking and on-site laundry. 330 Ventura Ave is situated in one of Palo Alto's most prestigious and highly sought-after neighborhoods. The property benefits from its proximity to Stanford University, a globally recognized institution that contributes to the areas world-class academic, research, and innovation environment. The subject property also offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within close proximity to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others.

Additional Information

Taxes
$85,360
Heat
Wall Furnace
Cooling
Yes
Roof
Composition
Water
Public
School District
Palo Alto Unified
Attached Structure
Detached
Gross Scheduled Income
$456,896

Listing courtesy of Listing Agent: Robert Johnston (robert.johnston@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.