SOLD 06/29/2023
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Commercial sold for $4,400,000 in 49 days
303 Sheridan Ave Palo Alto, CA, 94306
Off the market Other
303 Sheridan Avenue is an attractive 7-unit apartment building located in the desirable Evergreen Park submarket of Palo Alto. The property boasts an incredible unit mix of (2) 2+2; (1) 2+1.5TH and (4) 2+1. The oversized units range from 850 sq. ft. to 1,005 sq. ft. and benefit from either a private patio or balcony, updates to kitchens and baths (select units) including dishwashers (6 units) and disposals, forced air heat, individual water heaters, carport parking, and coin-op laundry facility (leased). The property is located moments to quaint retail and restaurants of California Avenue, Stanford University and Shopping Center, Mayfield Playing Fields and Bowden Park, and is transit-oriented being a short walk to the California Avenue Caltrain station. 303 Sheridan feeds to the top public school district in California, specifically Escondido Elementary School, Greene Middle School, and Palo Alto High School. The property's financial performance could be improved through a combination of embedded rent increases and continued unit renovation program.
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Property details
6,704 sqft interior area
Land area
12,820 sqft (0.29 acres)
Address
303 Sheridan Ave, Palo Alto, CA, 94306
City of California
Palo Alto
County
Santa Clara
Year Built
1962
District
College
Nearby major retailers
Costco
7-Eleven
Public Storage
O'Reilly Auto Parts
Petco
Marshalls
GNC
Pet Food Express
AT&T
T-Mobile
Apple Store
Tiffany & Company
Supercuts
Verizon Wireless
99cent Store & Over
GameStop
Trader Joe's
Walmart
Chevron
Kohl's
Neiman Marcus
Macy's
Nordstrom
Dollar Tree
The Home Depot
Ace Hardware
Whole Foods Market
Safeway
CVS Pharmacy
Jiffy Lube
MetroPCS
Bloomingdale's
Ross
See's Candies
Staples
Walgreens
Wholesale: 1
Convenience: 11
Storage rental: 2
Car parts: 3
Pet: 2
Department store: 9
Nutrition supplements: 2
Mobile phone: 15
Electronics: 2
Jewelry: 1
Hairdresser: 2
Video games: 1
Supermarket: 9
Variety store: 1
Do it yourself: 2
Chemist: 3
Car repair: 3
Confectionery: 1
Stationery: 1
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Interior Features
—
Roof
Shingle
Appliances
Refrigerator
Listed by
Joel Hopman, Newmark Cornish & Carey
Name
Joel Hopman
License number
01934574
Brokerage company
Newmark Cornish & Carey
MLS #
ML81928079
Buyer agent
Name
Joel Hopman
Brokerage company
Newmark Cornish & Carey
Payment calculator
Calculate your monthly payments
Mortgage
$13,509
Taxes
$0
HOA dues
$0
Mortgage
$880,000 / 20%
2.28%
30 years
Your amount
$13,509 / month
Lot details
TMK #13236075
Parcel nr.
13236075
94306 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 94306
50%
Families with children
National average: 39%
34%
Non family households
235,953
Population
$204,350
Average Income
Age & gender
Median age 39 years
More info
Commute types
73% commute by car
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Education level
37% have professional education
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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
$2.86m
Neighborhood average
sales price*
sales price*
$2.66m
Neighborhood median
sales price*
sales price*
303
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
33% of the houses have 4 or 5 rooms
More info
Bedrooms
52% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
More info
19.17 / 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 Jun 29, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 29, 2023 | Sold | $4,400,000 | 0 | Public Record |
| Jun 29, 2023 | Price Decrease | $4,400,000 -2.11% | 0 | MLS #ML81928079 |
| Jun 11, 2023 | Pending | $4,495,000 | 0 | MLS #ML81928079 |
| May 28, 2023 | Under contract | $4,495,000 | 0 | MLS #ML81928079 |
| May 12, 2023 | New Listing | $4,495,000 | 0 | MLS #ML81928079 |
Taxes of 303 Sheridan Ave, Palo Alto, CA, 94306
RM5 zoning / MLS #ML81928079
Zoning
RM5
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Frequently Asked Questions about 303 Sheridan Ave
What is 303 Sheridan Ave?
303 Sheridan Ave is a Commercial/Industrial propertywith 6,704 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
303 Sheridan Ave, Palo Alto, CA, 94306.
What comparable properties are nearby?
Comparable nearby commercial properties include 4115 El Camino Real, 4115 El Camino Real, 487 James Rd, 2633 California St, 1220 Brookfield Ave, 738 Carmel Ave.
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: Jun 30, 2023
Verhouse Last checked 5 minutes ago
The closest grocery stores are Country Sun, 0.25 miles away and Mollie Stone's, 0.27 miles away.
The 94306 zip area has a population of 235,953, and 50% of the families have children. The median age is 39.08 years and 73% commute by car. The most popular housing type is "single detached" and 54% is owner.
