SOLD 12/29/2023
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Commercial sold for $4,000,000 in 240 days
127 Lytton Ave Palo Alto, CA, 94301
Off the market Comm Ind For Sale
The property has an excellent location one block off University Avenue in downtown Palo Alto. The building is also a short distance from Stanford University, the Stanford Research Park, and Stanford Shopping Center. The building is configured with two tenant spaces. 127 Lytton Avenue is built out with office space and is currently vacant; 129 Lytton Avenue is leased to Darbar Indian Cuisine through April 2024. The site is one-half block from the Palo Alto Caltrain station and Palo Alto Transit Center, making the property easily accessible from public transit. The transit center has connections to VTA, SamTrans, AC Transit, Dumbarton Express, and Stanford Marguerite buses and shuttles. With one space currently vacant and the other on a short-term lease, the building has appeal to owner/users and value-add investors alike. Additionally, the property has the potential to be redeveloped at a higher density with a commercial or mixed-use project.
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Property details
4,650 sqft interior area
Land area
4,650 sqft (0.11 acres)
Address
127 Lytton Ave, Palo Alto, CA, 94301
City of California
Palo Alto
County
Santa Clara
Year Built
1946
District
Listing
Nearby major retailers
Costco
CVS Pharmacy
Pet Food Express
See's Candies
Supercuts
Public Storage
7-Eleven
AT&T
MetroPCS
Verizon Wireless
Petco
GameStop
GNC
Kohl's
T-Mobile
Ross
Ace Hardware
Apple Store
Tiffany & Company
99cent Store & Over
Trader Joe's
Walmart
Chevron
Neiman Marcus
Macy's
Nordstrom
The Home Depot
O'Reilly Auto Parts
Whole Foods Market
Marshalls
Safeway
Jiffy Lube
Kmart
AutoZone
Bloomingdale's
Dollar Tree
Rite Aid
Staples
Wholesale: 2
Chemist: 4
Pet: 4
Confectionery: 2
Hairdresser: 2
Storage rental: 4
Convenience: 10
Mobile phone: 16
Video games: 2
Nutrition supplements: 3
Department store: 12
Do it yourself: 3
Electronics: 2
Jewelry: 1
Supermarket: 11
Car parts: 3
Car repair: 2
Variety store: 1
Stationery: 1
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Listed by
Joshua Johnson, Marcus & Millichap
Name
Joshua Johnson
License number
01930127
Brokerage company
Marcus & Millichap
MLS #
ML81927084
Buyer agent
Name
Dianne Millner
Brokerage company
Millner Realty
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Calculate your monthly payments
Mortgage
$12,281
Taxes
$0
HOA dues
$0
Mortgage
$800,000 / 20%
2.28%
30 years
Your amount
$12,281 / month
Lot details
TMK #12025110
Parcel nr.
12025110
94301 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94301
51%
Families with children
National average: 39%
32%
Non family households
191,618
Population
$224,823
Average Income
Age & gender
Median age 39 years
More info
Commute types
72% commute by car
More info
Education level
36% have professional education
More info
Number of employees
4% work in management
More info
Vehicles available
39% have 2 vehicle
More info
Vehicles by gender
39% have 2 vehicle
More info
Housing market insights for
$3.48m
Neighborhood average
sales price*
sales price*
$2.88m
Neighborhood median
sales price*
sales price*
308
Number
of sales*
of sales*
Housing type
61% are single detacheds
More info
Rooms
33% of the houses have 4 or 5 rooms
More info
Bedrooms
53% have 2 or 3 bedrooms
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Owners vs Renters
58% are owners
More info
18.67 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Dec 29, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 29, 2023 | Sold | $4,000,000 | 0 | Public Record |
| Dec 29, 2023 | Price Decrease | $4,000,000 -19.97% | 0 | MLS #ML81927084 |
| Dec 29, 2023 | Under contract | $4,998,000 | 0 | MLS #ML81927084 |
| Sep 28, 2023 | Price Decrease | $4,998,000 -16.7% | 0 | MLS #ML81927084 |
| Aug 4, 2023 | Price Decrease | $6,000,000 -15.49% | 0 | MLS #ML81927084 |
| May 4, 2023 | New Listing | $7,100,000 | 0 | MLS #ML81927084 |
Taxes of 127 Lytton Ave, Palo Alto, CA, 94301
CD-C zoning / MLS #ML81927084
Zoning
CD-C
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Frequently Asked Questions about 127 Lytton Ave
What is 127 Lytton Ave?
127 Lytton Ave is a Commercial/Industrial propertywith 4,650 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
127 Lytton Ave, Palo Alto, CA, 94301.
What comparable properties are nearby?
Comparable nearby commercial properties include 487 James Rd, 2633 California St, 1220 Brookfield Ave, 3280 Cabrillo Ave, 1350 Warburton Ave, 1390 Madison St.
Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Dec 30, 2023
Verhouse Last checked less than a minute ago
The closest grocery stores are Whole Foods Market, 0.35 miles away and SOS Fine Foods, 0.52 miles away.
The 94301 zip area has a population of 191,618, and 51% of the families have children. The median age is 39.18 years and 72% commute by car. The most popular housing type is "single detached" and 58% is owner.
