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487 James Rd, Palo Alto, CA 94306
$4,850,000
487 James Rd, Palo Alto, CA 94306View this property at 487 James Rd, Palo Alto, CA 94306
487 James RdPalo AltoCA94306
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Property Description
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.
Full Property Details
Full Property Details for 487 James Rd
General
- Price: $4,850,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: ML81962173
- Updated: 4/19/2024
- Added to Site: 15 day(s) ago
Additional Information
- Security/Safety: Video / Audio System
Parking
- Parking Features: Assigned Spaces, Covered Parking
Location
- Area: South Palo Alto
- County: Santa Clara
Heating & Cooling
- Cooling Type: Ceiling Fan
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Individual Electric Meters, Individual Gas Meters
- Metering: Master Water, Separate Electric, Separate Gas
Structural Information
- Construction: Wood Frame
- Foundation: Concrete Slab
- Roof: Composition, Shingle
- Disability Access: None
- Square Feet: 7,144
- Year Built: 1963
Unit Information
Unit 1
- Square Feet: 1870
- Bedrooms: 3
Unit 2
- Square Feet: 1030
- Bedrooms: 2
Unit 3
- Square Feet: 975
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.3
- Minimum Lot Size: 13068
- Building Sites: 1
- Grounds/Landscape: Back Yard, Balcony / Patio, Sprinklers - Auto
- Zoning: RM2
Disclosures and Reports
- Restrictions: None
Listed by Newmark Cornish & Carey, Joel Hopman
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Schools
Schools serving 487 James Rd
School District:Palo Alto Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4100 Orme St, Palo Alto, CA 94306 | K-5 | 0.5 mi | |
655 Arastradero Rd, Palo Alto, CA 94306 | 6-8 | 0.8 mi | |
780 Arastradero Rd, Palo Alto, CA 94306 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 487 James Rd
Date
Details
Price
Change
Source
4/19/2024
Listed
$4,850,000
11.49%
MLS
12/29/2015
Sold
$4,350,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 487 James Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$59,531
1%
$4,949,553
2%
2022
$58,851
2%
$4,852,504
2%
2021
$57,693
2%
$4,757,358
1%
2020
$56,485
1%
$4,708,578
2%
2019
$55,869
3%
$4,616,254
2%
2018
$54,326
2%
$4,525,740
2%
2017
$53,376
39%
$4,437,000
39%
2016
$38,307
1%
$3,183,120
2%
2015
$37,938
2%
$3,135,307
2%
2014
$37,224
—
$3,073,892
—
2013
$37,178
—
$3,060,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 487 James Rd
487 James Rd, Palo Alto, CA 94306 (MLS# ML81962173) is a Commercial Residential Facility property. 487 James Rd is currently listed for $4,850,000 and was received on April 19, 2024. Want to learn more about 487 James Rd? Do you have questions about finding other Commercial Residential Facility real estate for sale in South Palo Alto? You can browse all South Palo Alto real estate or contact a Coldwell Banker agent to request more information.