Hawthorne Apartment Homes 325-327 Hawthorne Ave 15 Unit Apartment Building $16,053,080 CAD ($1,070,205 CAD/Unit) 4% Cap Rate Palo Alto, CA 94301

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 Area’s 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.com list of “Top 100 Best Places to Live” in America.
The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Meta, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony, Stanford Medical Center as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to a robust variety of retailers and restaurants such as La Strada, Zola, NOBU and several others.
The investment appeal of this asset is driven by Palo Alto’s incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, Hawthorne Apartments is an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.