405 Kipling St is an exceptional 6-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 5,936 square foot parcel of land, the subject property was originally constructed in 1900 and has a gross building area of approximately 2,196 square feet, offering its tenants beautifully… Read More designed one-bedroom and studio floor plans. 405 Kipling St 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. The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others. Read Less
Courtesy of Marcus & Millichap, Robert Johnston 650-391-1744
Listing Snapshot
Days Online
15
Last Updated
Property Type
Five Or More Units
Square Ft.
2,196
Lot Size
0.14 Acres
Year Built
1900
MLS Number
ML81988311
30 Days Snapshot Of 94301
$3,834k
-27%
(avg) sold price
6
-60%
homes sold
47
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5936.00, Max Area Units: Square Feet, Lot is 0.13627180899908 acres
Accessibility Features
None
Unit Two
bedroom 1
Building
2,196 structure square feet, Age: 124, Built in 1900, 1 building, 6 minimum units in complex
Cooling
Ceiling Fan
Foundation
Concrete Perimeter
Garage
Uncovered Parking
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 81301
Parking
8 parking spaces
Property
Zoning: CDC
Roof
Shingle
Security Features
Other
Taxes
Annual tax amount: $57,198
Sewer
Sewer Connected
Utilities
Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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