SOLD 06/09/2023
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Commercial sold for $4,650,000 in 94 days
331 Poe St Palo Alto, CA, 94301
Off the market Other
Rarely available pride of ownership 7-unit opportunity in core downtown Palo Alto. This immaculately maintained property contains a large 3+2.5 owner's unit, (2) 2+1.5, and (4) 1+1 unit mix with 1:1 parking. 331 Poe features many amenities not typically found in asset of this size such as electric vehicle charging (each unit), a pool, oversized storage units, and a leasing office. Most apartments have updated kitchens and baths and plank flooring, stainless steel appliances, and dishwashers. The property is located moments to Stanford University, Shopping Center, and Health Care system, is transit-oriented being a short walk to the Palo Alto Caltrain station, and benefits from quaint retail and restaurants of University Avenue. 331 Poe feeds to the top public school district in California. Attractive assumable financing available: ~6 years remaining at 3.36%.
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Property details
5,843 sqft interior area
Land area
9,001 sqft (0.21 acres)
Address
331 Poe St, Palo Alto, CA, 94301
City of California
Palo Alto
County
Santa Clara
Year Built
1965
District
Downtown Palo Alto
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
Lexus
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: 17
Video games: 2
Nutrition supplements: 3
Department store: 12
Do it yourself: 3
Electronics: 2
Jewelry: 1
Supermarket: 11
Car parts: 3
Car repair: 3
Car: 1
Variety store: 1
Stationery: 1
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Interior Features
—
Garage & Parking
Assigned
Other rooms
Updated Baths, Updated Kitchen
Appliances
Dishwasher, Refrigerator
Listed by
Joel Hopman, Newmark Cornish & Carey
Name
Joel Hopman
License number
01934574
Brokerage company
Newmark Cornish & Carey
MLS #
ML81920951
Buyer agent
Name
Joel Hopman
Brokerage company
Newmark Cornish & Carey
Payment calculator
Calculate your monthly payments
Mortgage
$14,277
Taxes
$0
HOA dues
$0
Mortgage
$930,000 / 20%
2.28%
30 years
Your amount
$14,277 / month
Lot details
TMK #12012037
Parcel nr.
12012037
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
231,091
Population
$214,861
Average Income
Age & gender
Median age 38 years
More info
Commute types
72% commute by car
More info
Education level
34% 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
$3.39m
Neighborhood average
sales price*
sales price*
$2.67m
Neighborhood median
sales price*
sales price*
301
Number
of sales*
of sales*
Housing type
60% 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
57% are owners
More info
17.83 / 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 9, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 9, 2023 | Sold | $4,650,000 | 0 | Public Record |
| Jun 9, 2023 | Price Decrease | $4,650,000 -8.73% | 0 | MLS #ML81920951 |
| Apr 19, 2023 | Pending | $5,095,000 | 0 | MLS #ML81920951 |
| Apr 11, 2023 | Under contract | $5,095,000 | 0 | MLS #ML81920951 |
| Mar 8, 2023 | New Listing | $5,095,000 | 0 | MLS #ML81920951 |
Taxes of 331 Poe St, Palo Alto, CA, 94301
R1 zoning / MLS #ML81920951
Zoning
R1
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Frequently Asked Questions about 331 Poe St
What is 331 Poe St?
331 Poe St is a Commercial/Industrial propertywith 5,843 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
331 Poe St, Palo Alto, CA, 94301.
What comparable properties are nearby?
Comparable nearby commercial properties include 487 James Rd, 2633 California St, 1220 Brookfield Ave, 1350 Warburton Ave, 1310-1340 Homestead Rd, 50 Serra Way.
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 12, 2023
Verhouse Last checked 4 minutes ago
The closest grocery stores are The Willows Market, 0.36 miles away and Whole Foods Market, 0.66 miles away.
The 94301 zip area has a population of 231,091, and 51% of the families have children. The median age is 38.93 years and 72% commute by car. The most popular housing type is "single detached" and 57% is owner.
