Here's an update on small multi-family properties available in Palo Alto for under $1.5M.  These can be great starter properties for new investors.

There are currently three properties on the market, all have been on the market at least two months and were also on my update last week.  "Days On Market" continue to increase, an indication that the seller may be ready to negotiate.

            Downtown - 4 units; $1,450,000; 94 days on market

            Midtown - 4 units; $998,000; 79 days on market

            Stanford/California Avenue business district - 3 units, $1,070,000; 194 days on market

If you missed my previous announcement, 740-748 Sutter Avenue (5 units) closed escrow on June 2nd:

Listing Broker:  John A. Souerbry & Associates

Buyer's Broker:  Alain Pinel Realtors, Palo Alto

List Price:  $1,490,000

Final Sales Price: $1,635,000

For investment properties in Palo Alto, contact me at john@jsrealproperty.com .

 

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Northern California Real Estate Information and Property Search

 

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John Souerbry - Luxury Homes, Land, Investments

Palo Alto, CA

More about me…

John A. Souerbry & Associates - Bay Area Real Estate

Address: PO Box 61192, Palo Alto, CA, 94306

Office Phone: (650) 815-6182

Cell Phone: (925) 323-1450

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