
The Ardmore
Multifamily | 4.99% CAP | 38 Units
Marketing description
Introducing The Ardmore, an impeccably maintained, 38 unit
apartment complex in East Palo Alto featuring a mix of one
and two bedroom units. The property easily attracts tenants,
sustaining low vacancy rates and predictable income.
The .88 acre lot includes gated entry and exit driveways,
leading to the lower parking level with 42 spaces. The
property is in outstanding condition, with many major
improvements completed recently including the roof, drainage,
water boiler and seismic retrofitting. Several units have
undergone recent renovations with new kitchens, bathrooms
and electrical sub-panels.
Amenities include a central pool with newly installed gate,
private balconies (recently inspected and compliant) and an
on-site laundry room which produces additional income.
Located west of Hwy 101 and north of University Ave, the
property is conveniently located near major employment,
retail and education hubs. Situated only 2 miles from Stanford
University, 2.5 miles from Meta headquarters and 5.5 miles to
Google headquarters, the complex is in the heart of the
bustling Silicon Valley corridor.
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