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2118 Addison Ave
East Palo Alto, CA 94303
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- 4-Unit investment in a high-demand area
- Prime East Palo Alto location near commercial and residential hubs
- Excellent transit access via I-280, El Camino Real, and SamTrans
- 5,000 sq. ft. lot with potential for future value
- Close to Ravenswood 101 Shopping Center and major retail
- Near leading tech employers including Google, Meta, Apple, and Amazon
EXECUTIVE SUMMARY
This 4-unit apartment community offers an ideal multifamily investment opportunity in a high-demand area. Situated on a spacious 5,000 sq. ft. lot, the property provides flexibility and potential for future value. Located in prime East Palo Alto, it is surrounded by key commercial and residential hubs, with major retail centers like Ravenswood 101 Shopping Center nearby. Residents will appreciate excellent transit connectivity with easy access to I-280, El Camino Real, and SamTrans. The property is also in close proximity to leading tech employers including Google, Meta, Apple, and Amazon, making it a highly attractive option for both investors and tenants.
PROPERTY FACTS
| Price Per Unit | $412,686 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,300 SF |
| No. Units | 4 | Average Occupancy | 96% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise | Parking Ratio | 1.31/1,000 SF |
| Building Class | C | ||
| Zoning | R3 | ||
| Price Per Unit | $412,686 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,300 SF |
| Average Occupancy | 96% |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 500 |
| 2+1 | 2 | - | 650 |
PROPERTY TAXES
| Parcel Number | 063-154-020 | Improvements Assessment | $917,540 CAD |
| Land Assessment | $990,943 CAD | Total Assessment | $1,908,483 CAD |
PROPERTY TAXES
Parcel Number
063-154-020
Land Assessment
$990,943 CAD
Improvements Assessment
$917,540 CAD
Total Assessment
$1,908,483 CAD
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