102 Colorado Ave

Incredible add-value opportunity! Fourplex in Midtown Palo Alto is strategically positioned on a 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! The new owner can implement upgrades and achieve immediate upside. Only A¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events, and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally, the studios were converted from garage space. Tenants enjoy 4 driveways and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.