412 Leland AVE, Palo Alto, CA 94306
408-412 Leland Ave is a stunning 5*-unit investment opportunity located across the street from the globally recognized Stanford University Campus in the thriving city of Palo Alto, California. Situated on a 5,000-square-foot parcel of land, the subject property was originally constructed in 1910 and has a gross building area of approximately 3,293 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. Additionally, investors have the opportunity to further increase cash flow through developing a two-bedroom two-bathroom ADU. 408-412 Leland Ave 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 list of "Top 100 Best Places to Live in America". The subject property offers renters
Features
| Cooling | None |
| Existing Lease Term(s) | 1 Year Lease, Month to Month |
| Garage Parking Features | Attached Garage, Off-Street Parking |
| Heating | Wall Furnace |
| Horse Property | No |
| Listing Class | Residential Income (2-4 units) |
| No of Stories | 2 |
| Roof | Shingle |
| Security Features | Video / Audio System |
| Sewer Septic | Sewer - Public |
| Subclass | Fourplex |
| Water | Public |
Community Info
Local Schools | |
Local Utilities | Recreation |
Restaurants | Home and Garden |
Schools
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All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be,verified by broker or MLS.
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Updated on 11/23/2024
Property Information
- MLS:
- ML81952083
- Type:
- Fourplex
- Year Built:
- 1910
- Listed:
- 1/22/2024
- Sold Date:
- 3/14/2024
- Interior:
- 3,293
- Lot Size:
- 4,792
- Schools:
- GS Dist: Palo Alto Unified District
HS Dist: Palo Alto Unified District
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 | LP: $3,500,000 Palo Alto,94306 |
 | SP: $3,200,000 LP: $3,550,000 Palo Alto,94306 |
 | SP: $3,450,000 LP: $3,450,000 Menlo Park,94025 |
 | SP: $3,500,000 LP: $3,500,000 Palo Alto,94301 |
 | SP: $3,631,750 LP: $3,750,000 Palo Alto,94306 |
All information furnished regarding property for sale, rental, comparables or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice.