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Multifamily

643 - 645 Channing Ave

643 Channing Ave, Palo Alto, CA 94301

Listing Price: $5,250,000

Cap Rate
2.46%
Number of Units
5
Price/Unit
$1,050,000

Investment Overview

643-645 Channing Ave offers an investor a unique opportunity to own a truly one-of-a-kind investment property in the thriving city of Palo Alto, CA. The subject property consists of a beautiful, four-bedroom/three-bathroom house with a detached apartment building consisting of four one-bedroom/one-bathroom units. Situated on a 10,000 square foot parcel of land, the subject property was originally constructed in 1926 and has a gross building area of approximately 4,580 square feet. 643-645 Channing 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.com 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. The investment appeal of this asset is driven by Palo Alto’s incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 643-645 Channing Ave is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity to Acquire an Asset in a Highly Exclusive Palo Alto Market
  • Desirable Unit Mix - The Subject Property Consists of a Beautifully Designed Four-Bedroom/Three-Bathroom Single Family Home and a Detached Apartment Building consisting of Four 1-Bedroom/1-Bathroom
  • World Class Palo Alto Location – Close Proximity to University Ave (4 blocks), Home to a Myriad of High-End Shopping, Dining, and Entertainment Options
  • Excellent Transportation Corridors - 643-645 Channing Ave Offers Tenants and Residents Convenient Access to U.S. Route 82, U.S. Route 84, U.S. Route 101, Interstate 280, and the San Mateo - Hayward Bridge

Exclusively Listed By

Multifamily

643 - 645 Channing Ave

Listing Price: $5,250,000

Cap Rate
2.46%
Number of Units
5
Price/Unit
$1,050,000

Investment Highlights

  • Tremendous Investment Opportunity to Acquire an Asset in a Highly Exclusive Palo Alto Market
  • Desirable Unit Mix - The Subject Property Consists of a Beautifully Designed Four-Bedroom/Three-Bathroom Single Family Home and a Detached Apartment Building consisting of Four 1-Bedroom/1-Bathroom
  • World Class Palo Alto Location – Close Proximity to University Ave (4 blocks), Home to a Myriad of High-End Shopping, Dining, and Entertainment Options
  • Excellent Transportation Corridors - 643-645 Channing Ave Offers Tenants and Residents Convenient Access to U.S. Route 82, U.S. Route 84, U.S. Route 101, Interstate 280, and the San Mateo - Hayward Bridge

Investment Overview

643-645 Channing Ave offers an investor a unique opportunity to own a truly one-of-a-kind investment property in the thriving city of Palo Alto, CA. The subject property consists of a beautiful, four-bedroom/three-bathroom house with a detached apartment building consisting of four one-bedroom/one-bathroom units. Situated on a 10,000 square foot parcel of land, the subject property was originally constructed in 1926 and has a gross building area of approximately 4,580 square feet. 643-645 Channing 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.com 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. The investment appeal of this asset is driven by Palo Alto’s incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 643-645 Channing Ave is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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