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Multifamily

Hawthorne Apartments

325 Hawthorne Ave, Palo Alto, CA 94301

Listing Price: $12,000,000

Cap Rate
4.01%
Number of Units
15
GRM
16.82
Price/Unit
$800,000
Price/Gross SF
$1,241.59
Gross SF
9,665

Investment Overview

Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto.

Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units.

Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area.

Hawthorne Apartments 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, Meta, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony, Stanford Medical Center as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to a robust variety of retailers and restaurants such as La Strada, Zola, NOBU 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, Hawthorne Apartments is an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • World Class Palo Alto Location – Tenants enjoy a prime location within walking distance of Downtown Palo Alto (two blocks) and Stanford Shopping Center (0.8mi).
  • 5-Year Corporate Guaranteed Tenant - Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units.
  • Close Proximity to Stanford University - The subject property benefits from its close proximity to Stanford University (0.7mi), creating a benefits demand and high prices for rental rates.
  • Exceptional Investment Opportunity Situated On Two Parcels - Investors have the opportunity to acquire an exceptional multifamily asset situated on two parcels of land in a highly desirable Palo Alto Market.
  • Prestigious Palo Alto School District - The Palo Alto Unified School District is continuously ranked as the #1 school district in California and the nation according to Niche Rankings.

Exclusively Listed By

Multifamily

Hawthorne Apartments

Listing Price: $12,000,000

Cap Rate
4.01%
Number of Units
15
GRM
16.82
Price/Unit
$800,000
Price/Gross SF
$1,241.59
Gross SF
9,665

Investment Highlights

  • World Class Palo Alto Location – Tenants enjoy a prime location within walking distance of Downtown Palo Alto (two blocks) and Stanford Shopping Center (0.8mi).
  • 5-Year Corporate Guaranteed Tenant - Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units.
  • Close Proximity to Stanford University - The subject property benefits from its close proximity to Stanford University (0.7mi), creating a benefits demand and high prices for rental rates.
  • Exceptional Investment Opportunity Situated On Two Parcels - Investors have the opportunity to acquire an exceptional multifamily asset situated on two parcels of land in a highly desirable Palo Alto Market.
  • Prestigious Palo Alto School District - The Palo Alto Unified School District is continuously ranked as the #1 school district in California and the nation according to Niche Rankings.

Investment Overview

Hawthorne Apartments is a stunning apartment community located at 325-327 Hawthorne Ave, just two blocks away from Downtown Palo Alto. Situated on two contiguous parcels totaling 20,000 square feet, the subject property was originally constructed in 1956 and has a gross building area of approximately 9,665 square feet, offering its tenants beautifully-designed one-bedroom floor plans. Potential investors benefit from the stability of a five-year lease, secured by a corporate tenant for select units. Tenants benefit from their prime location, being walking distance from Downtown Palo Alto, Stanford benefit, and Stanford Shopping Center, all situated in a dynamic area with convenient access to public transportation, parks, and a variety of local amenities. Additionally, the Palo Alto Caltrain station is just a short walk away (0.5mi), providing connectivity to the rest of the Bay Area. Hawthorne Apartments 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, Meta, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony, Stanford Medical Center as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to a robust variety of retailers and restaurants such as La Strada, Zola, NOBU 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, Hawthorne Apartments is an attractive choice for Peninsula renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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