500 Palo Alto Ave 8 Unit Apartment Building $6,640,272 CAD ($830,034 CAD/Unit) 3.98% Cap Rate Palo Alto, CA 94301

Investment Highlights
500 Palo Alto Ave is an incredible investment opportunity in the heart of the Silicon Valley, surrounded by Downtown Palo Alto jobs and amenities, perfect for investors, value-add operators, long-term holders, and owner-occupants alike
8 total units comprised of:
Six 2-bed, 1-bath apartments
Two 1-bed, 1-bath apartments
Numerous recent upgrades including interior updates to at least half of the units with updated kitchen countertops and bathrooms
Electrical panels are in the process of being replaced to comply with current standards and insurance requirements
Beautiful pool and courtyard area, a great draw for tenants
Good in-place rents with plenty of upside potential through additional unit renovations
Add 2 ADUs!!! Convert the garage parking into two new ADU units to add income and value!
Forced Air Heating in every unit, many furnaces replaced in the past few years
Recent replacement of water heaters (2023+2025)
All Copper piping
Pitched Composition Shingle roof replaced in 2010
Shared laundry room, leased machines for minimal management headaches

Location Highlights
A+++ location in THE HEART OF THE SILICON VALLEY, Downtown Palo Alto
5 Blocks to University Ave, less than ½ mile!
Palo Alto is the home to the headquarters of 500+ tech companies and startups
“Very Walkable” and “Biker’s Paradise”. Walkability score of 79 and Bike Score of 100: “Daily errands do not require a car”
½ mile walk to Alma St and the edge of the Palo Alto Caltrain Station
Less than 1 mile to the edge of Stanford Campus and the Stanford shopping Center
8 Blocks to Palo Alto City Hall and other public amenities
Numerous parks and outdoor amenities within blocks:
Across the street from Timothy Hopkins Creekside Park featuring a lawn, lawn, a walking/cycling path & picnic tables.
2 Blocks from Johnson Park featuring basketball courts, a playground & concrete slide, plus picnic areas & community garden plots.
½ Mile to Cogswell Plaza featuring shaded benches & tables, landscaped flower beds & a walking path.
½ Mile to El Camino Park with soccer & baseball fields.
Less than 1 mile to the Stanford Arboretum Grove and the parks and fields surrounding the Stanford Stadium
¾ Mile to Burgess Park which spans 9.31 acres and contains two baseball / softball fields, soccer fields, two swimming pools, two tennis courts, indoor and outdoor basketball courts, a gymnastics center, a gymnasium, a family recreation center including a dance studio, a skatepark, a barbeque area with picnic benches, multiple playgrounds, and it backs up to City Hall, the public library and a children’s center
Excellent Palo Alto school district:
Addison Elementary: 0.9 miles away and 9/10 GreatSchools.org Test Scores rating
Greene Middle: 2 miles away, and 10/10 Test Scores rating
Palo Alto High: 1.4 miles away, and 10/10 Test Scores rating AND 9/10 College Readiness rating