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Courtyard at Bay Road 1730 Bay Rd 78 Unité Immeuble d’appartements 25 802 001 $ CAD (330 795 $ CAD/Unité) 3,87% Taux de capitalisation Palo Alto, CA 94303
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Faits saillants de l'investissement
- High-Barrier Silicon Valley Location: Situated across U.S. 101 from downtown Palo Alto, the property sits in one of the most affluent U.S. markets
- Strong Occupancy & Proven Performance: 96% occupancy with consistent collections, producing a current NOI of approximately $734,000
- The offering supports new debt financing at competitive rates, with potential to improve cash-on-cash returns
- Surrounded by major employers including Stanford University, Meta, and Google
- 148,924 SF of affordable housing in the center of Silicon Valley—a rare combination of size, mission alignment, and long-term yield stability
- Call listing brokers for more information
Résumé de l'annonce
Courtyard at Bay Road is a 78-unit affordable housing community located in the heart of Silicon Valley—minutes from downtown Palo Alto, Stanford University, and the global headquarters of Meta, Google, and Tesla. Built in 2006, the property offers over 148,000 square feet of rentable area on a 1.6-acre site, combining modern construction with long-term affordability in one of the most supply-constrained and highest-barrier-to-entry markets in the country.
The subject property serves households earning between 30% and 60% of area median income, providing a mix of one-, two-, three-, and four-bedroom units. Residents benefit from proximity to major job centers, transit connections, and the Bay Trail, while just a short drive from Stanford Shopping Center and downtown Menlo Park. The property is 96% occupied, with in-place rents well below market comparables, positioning it for stable long-term performance and future upside through compliance safe rent growth.
East Palo Alto has undergone substantial reinvestment over the last decade, transitioning from a historically under-served community into one of the most active redevelopment corridors in the Bay Area. With new mixed-use projects, improved retail, and transit access, the neighborhood has become a strategic focus for institutional affordable housing investors.
The property has a LIHTC Regulatory Agreement on it that must be followed. The right buyer will see an opportunity to purchase a 2006 Construction Project, with strong upside in rents, long-term affordability for residents, in an area with fast-growing incomes that will continue to push rents up. Furthermore, with the Big Beautiful Bill passed this summer, there is a strong possibility of re-syndicating the property with a fresh round of Tax Credits to upgrade the physical plant and push down operating costs.
The subject property serves households earning between 30% and 60% of area median income, providing a mix of one-, two-, three-, and four-bedroom units. Residents benefit from proximity to major job centers, transit connections, and the Bay Trail, while just a short drive from Stanford Shopping Center and downtown Menlo Park. The property is 96% occupied, with in-place rents well below market comparables, positioning it for stable long-term performance and future upside through compliance safe rent growth.
East Palo Alto has undergone substantial reinvestment over the last decade, transitioning from a historically under-served community into one of the most active redevelopment corridors in the Bay Area. With new mixed-use projects, improved retail, and transit access, the neighborhood has become a strategic focus for institutional affordable housing investors.
The property has a LIHTC Regulatory Agreement on it that must be followed. The right buyer will see an opportunity to purchase a 2006 Construction Project, with strong upside in rents, long-term affordability for residents, in an area with fast-growing incomes that will continue to push rents up. Furthermore, with the Big Beautiful Bill passed this summer, there is a strong possibility of re-syndicating the property with a fresh round of Tax Credits to upgrade the physical plant and push down operating costs.
Faits sur la propriété
| Prix | 25 802 001 $ CAD | Classe d’immeuble | C |
| Prix par unité | 330 795 $ CAD | Taille du lot | 1,60 AC |
| Type de vente | Investissement | Taille du bâtiment | 148 924 pi² |
| Taux de capitalisation | 3,87% | Occupation moyenne | 96% |
| Nombre d’unités | 78 | Nombre d’étages | 4 |
| Type de propriété | Immeuble residentiel | Année de construction | 2006 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 2,7/1 000 pi² |
| Style d’appartement | De hauteur moyenne |
| Prix | 25 802 001 $ CAD |
| Prix par unité | 330 795 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 3,87% |
| Nombre d’unités | 78 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Taille du lot | 1,60 AC |
| Taille du bâtiment | 148 924 pi² |
| Occupation moyenne | 96% |
| Nombre d’étages | 4 |
| Année de construction | 2006 |
| Ratio de stationnement | 2,7/1 000 pi² |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Accessible aux fauteuils roulants (chambres)
Commodités du site
- Accès 24 heures
- Centre d’affaires
- Accès contrôlé
- Cour
- Installations de lessive
- CVCA contrôlé par le locataire
- Sans fumée
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 25 | - | 690 |
| 2+2 | 25 | - | 915 |
| 3+2 | 22 | - | 1 100 - 1 149 |
| 4+2 | 6 | - | 1 200 |
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Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 063-221-590 | Évaluation des bâtiments | 26 380 607 $ CAD |
| Évaluation du terrain | 4 448 197 $ CAD | Évaluation totale | 30 828 805 $ CAD |
Impôts fonciers
Numéro de lot
063-221-590
Évaluation du terrain
4 448 197 $ CAD
Évaluation des bâtiments
26 380 607 $ CAD
Évaluation totale
30 828 805 $ CAD
Contacts
-
Yuri Sergunin, CCIM -
Delaney Whitaker -
Isaak Heitzeberg -
J.J. Taughinbaugh -
The S&T Group | Marcus & Millichap
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
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Courtyard at Bay Road | 1730 Bay Rd
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