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487 James Rd Palo Alto, CA, 94306
$4,850,000 Commercial for sale Other
Rarely available 6-unit in desirable Palo Alto! 487 James Road is an exceptionally well-maintained apartment community containing an incredible unit mix of (1) 3+3 and (5) 2+2 units. All units feature in-unit washer/dryer, dishwashers, and forced-air heat while 5 of the units have been modernized with numerous upgrades such as stone countertops and updated cabinetry in the kitchens, redone bathrooms, and LVP flooring. All tenants enjoy the peaceful and serene setting with either a private balcony or backyard. Contained within the subterranean parking area are ample storage closets and a secure bike room. The comp shingle roof was replaced in 2018 and the water heaters were replaced in 2020 & 2021. The property feeds to excellent public schools and is proximate to Stanford University and Health Care System. Tenants also benefit from numerous retail and restaurant amenities of California Avenue, El Camino Real, and Stanford Shopping Center and recreation of Roble Park among other entertainment attractions. This is truly one of a kind.
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Property details
7,144 sqft interior area
Land area
13,068 sqft (0.30 acres)
Days on Verhouse
25
Address
487 James Rd, Palo Alto, CA, 94306
City of California
Palo Alto
County
Santa Clara
Year Built
1963
District
Listing
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
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
Bloomingdale's
Ross
See's Candies
MetroPCS
Staples
Walgreens
Wholesale: 1
Convenience: 13
Storage rental: 2
Car parts: 3
Pet: 2
Department store: 8
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: 2
Stationery: 1
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Interior Features
—
Roof
Shingle
Garage & Parking
Covered, Assigned
Other rooms
Updated Baths, Updated Kitchen
Appliances
Dishwasher
Listed by
Joel Hopman, Newmark Cornish & Carey
Name
Joel Hopman
License number
01934574
Brokerage company
Newmark Cornish & Carey
MLS #
ML81962173
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Calculate your monthly payments
Mortgage
$14,891
Taxes
$0
HOA dues
$0
Mortgage
$970,000 / 20%
2.28%
30 years
Your amount
$14,891 / month
Lot details
TMK #13246079
Parcel nr.
13246079
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
49%
Families with children
National average: 39%
35%
Non family households
232,098
Population
$210,986
Average Income
Age & gender
Median age 39 years
More info
Commute types
75% commute by car
More info
Education level
38% have professional education
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Number of employees
3% 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
$2.72m
Neighborhood average
sales price*
sales price*
$2.49m
Neighborhood median
sales price*
sales price*
358
Number
of sales*
of sales*
Housing type
49% are single detacheds
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Rooms
33% of the houses have 4 or 5 rooms
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Bedrooms
52% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
More info
10.83 / 20
Above Average
►
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
New Listing Apr 19, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 19, 2024 | New Listing | $4,850,000 +114.13% | 0 | MLS #ML81962173 |
| Apr 2, 2012 | Sold | $2,265,000 | 0 | Public Record |
| Apr 2, 2012 | Price Increase | $2,265,000 +4.14% | 0 | MLS #ML81210254 |
| Mar 24, 2012 | Under contract | $2,175,000 | 0 | MLS #ML81210254 |
| Mar 19, 2012 | New Listing | $2,175,000 | 0 | MLS #ML81210254 |
Taxes of 487 James Rd, Palo Alto, CA, 94306
RM2 zoning / MLS #ML81962173
Zoning
RM2
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Frequently Asked Questions about 487 James Rd
What is 487 James Rd?
487 James Rd is a Commercial/Industrial propertywith 7,144 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
487 James Rd, Palo Alto, CA, 94306.
What comparable properties are nearby?
Comparable nearby commercial properties include 2633 California St, 1220 Brookfield Ave, 3280 Cabrillo Ave, 1350 Warburton Ave, 1390 Madison St, 1310-1340 Homestead Rd.
Based on information from the bridgeMLS as of 05-13-2024. 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: Apr 20, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Grocery Outlet, 0.39 miles away and Piazza's Fine Foods, 0.85 miles away.
The 94306 zip area has a population of 232,098, and 49% of the families have children. The median age is 39.34 years and 75% commute by car. The most popular housing type is "single detached" and 54% is owner.
