487 James Road Palo Alto, CA $ 4,850,000
487 James Road
$ 4,850,000
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487 James Road

Palo Alto, CA, 94306
$ 4,850,000
Bedrooms7 Baths0.0 Sq 7,144

Monthly Estimate*

$ 33,879

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Commercial Property for sale in Palo Alto, CA

for $4,850,000 with 7 bedrooms. This 7,144 square foot building was built in 1963 on a lot size of 0.3.

Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.

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Commercial Active

Price

$ 4,850,000

Bedrooms

7

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.3

Year Built

1963

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML81962173

Features
General
Interior Features Updated Baths Updated Kitchen
Sewer Public Sewer
Heating Forced Air
Cooling Ceiling Fan(s)
Roof Composition Shingles
Appliances Dishwasher
Zoning RM2
Year Built 1963
Property SubType Other
County Santa Clara
Property Type Commercial Sale
HOA / Comm Assn Y
Garage Y/N No
Status Active
City Palo Alto
MLS Area Listing
Lot Size Square Feet 13068
Street Name James Road
Standard Status Active
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Exterior
Parking Features Covered Assigned
Water Source Public
Lot Size Area 13068
Lot Size Acres 0.3
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Interior
Air Conditioning Y/N Yes
Heating Y/N Yes
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* Excluded Features
List By
Joel Hopman

Listing Agent

Newmark Cornish & Carey

Broker

joel.hopman@nmrk.com

Email

Affordability Calculator

$33,879
Per Month
100%
0%
0%
Monthly Principal & Interest
$33,879
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
806588 Elementary School
806593 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$4,850,000 Listed Price

Map


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487 James Road, Palo Alto, CA, 94306 is a Commercial Property for sale at $4,850,000 with 7,144 sqft and a lot size of 0.3. 487 James Road has 7 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 94306 which is in Palo Alto, CA