Listing Courtesy Of:
Marcus & Millichap, 650-492-0934, Adam S. Levin
Local Realty Services Provided By:
Keller Williams Palo Alto
Overview
What It'll Cost
Neighborhood
Similar Homes
$12,000,000
Hawthorne, Palo Alto, CA 94301
9,665
sq ft
.46
ac
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$12,000,000
Hawthorne, Palo Alto, CA 94301
Estimation provided by Keller Williams Realty Inc.
9,665
sq ft
.46
ac
Active
For Sale
Property Description
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.
Assessed Value is a combination of the land and additions.
2023
$66,226
$5,629,059
Land 3,216,605 +
Additions 2,412,454
2022
$66,226
(+23.98%)
$5,100,000
Land 2,856,000 +
Additions 2,244,000
2021
$53,417
(-14.99%)
$4,487,999
Land 2,169,223 +
Additions 2,318,776
2020
$62,837
(+101.98%)
$5,304,390
Land 3,031,080 +
Additions 2,273,310
2019
$31,110
(+2.8%)
$5,250,000
Land 3,000,000 +
Additions 2,250,000
2018
$30,262
(+4.51%)
$2,533,461
Land 1,125,982 +
Additions 1,407,479
2016
$28,955
$2,435,085
Land 1,082,259 +
Additions 1,352,826
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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