101-161 S California Ave - 117 S California Ave D201
1,530 SF Office Unit Offered at £1,456,233 in Palo Alto, CA 94306
EXECUTIVE SUMMARY
Well-established commercial complex in Palo Alto. Just steps from the California Avenue Caltrain station, top restaurants, Molly Stone's grocery store, Stanford University, and Sand Hill Road, this property offers unmatched convenience.
PROPERTY FACTS
| Price | £1,456,233 |
| Unit Size | 1,530 SF |
| No. Units | 1 |
| Total Building Size | 25,600 SF |
| Property Type | Office (Unit) |
| Property Subtype | Office/Residential |
| Sale Type | Investment or Owner User |
| Building Class | B |
| Number of Floors | 4 |
| Typical Floor Size | 6,400 SF |
| Year Built | 1984 |
| Lot Size | 0.15 AC |
1 UNIT AVAILABLE
Unit D201
| Unit Size | 1,530 SF |
| Price | £1,456,233 |
| Price Per SF | £951.79 |
| Unit Use | Office |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 4.66% |
| NOI | £67,875.28 |
| No. Parking Spaces | 3 |
| APN/Parcel ID | 124-37-032 |
DESCRIPTION
Noteworthy Highlights:
? Price Improvement!
? Seller Financing Available – Flexible terms for qualified buyers
? Delivered Vacant – Condo is currently leased but can be delivered vacant at close of escrow
? Concession for Layout Modifications/Demolition – Customize the space to fit your vision
Discover the perfect workspace in this centrally located office condo, situated within a well-established commercial complex in Palo Alto. Just steps from the California Avenue Caltrain station, top restaurants, Molly Stone's grocery store, Stanford University, and Sand Hill Road, this property offers unmatched convenience.
This second-floor 1,530 sq. ft. corner unit features a functional and adaptable layout designed for productivity. Upon entry, a welcoming waiting room leads to six private office suites, each equipped with a call-waiting button system for seamless client management. The unit also includes a kitchenette/coffee break area and a full bathroom.
Currently configured for private offices, ideal for psychotherapists, the flexible layout can easily be reconfigured to accommodate an open workspace or other professional needs. The Seller is open to offering a concession to assist with modifications, allowing you to customize the space to your exact specifications.
Don’t miss this unique opportunity to secure a versatile office space in one of Palo Alto’s most desirable locations. Contact us today for more details! Co-listed with Ryan Holland - Real Estate Experts.
ZONING
| Zoning Code | CC2RP (Neighborhood, Community, and Service Commercial) |
