Palo Alto, CA 94306,3820 Park Boulevard
Listed by Matthew Thomson • Compass
Bought with Matthew Thomson • Compass

$12,000,000

Est. payment /mo

$12,800,000

6.3%
Est.Price: ?

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3820 Park Boulevard Palo Alto, CA 94306

23,213 SqFt

SOLD DATE : 08/01/2024

Key Details

Sold Price $12,000,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 23,213 sqft

Price per Sqft $516

MLS Listing ID ML81969973

Sold Date 08/01/24

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1970

Lot Size 0.661 Acres

Property Description

CASA CAROLINA APARTMENTS - 24 UNITS IN PRIME PALO ALTO! First time on the market since being built in 1970. Incredible Unit Mix: (10) 2+2, (6) 2+1, (8) 1+1. Huge oversized units, all with private balcony or patio & yards. Lush landscaping with beautiful courtyard and swimming pool. Gated community with 34 subterranean tuck-under parking spaces and 4 ground-level open spaces. All copper plumbing and all units have dishwashers. 1/3 of the units have been fully renovated, 1/3 of the units have been moderately remodeled & 1/3 of the units are original offering significant add-value opportunity with continuing upgrades & increasing rents. On-site laundry facility and additional storage provides extra income. Ability to add 6 ADUs. Irreplaceable location less than a mile from California Avenue Business District & Caltrain Station with numerous shopping, dining & entertainment options. Less than a mile from the Stanford Research Park, home to 150+ companies comprised of a diverse and thriving community of employees & innovators. 1.5 miles from Stanford University. "Very Walkable" score of 81 and "Biker's Paradise" score of 100 and feeds into excellent Palo Alto school districts.

Location

State CA

County Santa Clara

Interior

Heating Electric

Cooling None

Flooring Hardwood, Tile

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Type Attached

Building

Water Public

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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