325 Hawthorne Ave, PALO ALTO, CA

$12,000,000

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9,665

Square feet

0.46

Acres

About 325 Hawthorne Ave

Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto. Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units. Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area. Hawthorne Apartments is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America.

Features of 325 Hawthorne Ave

MLS® # ML81997363
Price $12,000,000
Square Footage 9,665
Acres 0.46
Year Built 1956
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 325 Hawthorne Ave
Area Downtown Palo Alto
City PALO ALTO
County Santa Clara
State CA
Zip Code 94301

Amenities

Utilities Individual Electric Meters, Individual Gas Meters
Parking Spaces 7
Garages Attached
Is Waterfront No

Interior

Heating Wall Furnace
Cooling Ceiling Fan
Fireplace No

Exterior

Roof Shingle Roof
Foundation Concrete Perimeter

Additional Information

Zoning RM20
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAdam S. Levin
OfficeMarcus & Millichap
Contact Info650-492-0934

Listing Map

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