103 Tennyson Ave, Palo Alto, CA, 94301
Townhouse-Style Triplex in Coveted Old Palo Alto, Walking Distance to Stanford and Downtown
Marketing description
103 Tennyson Ave is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California.
Situated on a 7,500 square foot parcel of land, the subject property was originally constructed in 1970 and features a gross building area of approximately 3,371 square feet, offering its tenants beautifully designed two-bedroom floor plans. 103 Tennyson Ave is composed of one flat and two townhome-style units each featuring private detached garage parking. Additionally, each unit enjoys a private patio or deck space.
103 Tennyson Ave is well-positioned in one of the Bay Area's most dynamic and desirable cities. Located within walking distance to the world-class Stanford University, the subject property benefits from a strong renters market allowing for strong demand and high prices for rental rates. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability.com list of "Top 100 Best Places to Live" in America.
The investment appeal of this property is driven by Palo Alto's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 103 Tennyson Ave presents an attractive choice for renters due to its close proximity to prestigious schools, major employers, shopping, dining and entertainment options.
Investment highlights
- Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at over $20 Million+ – Investors have the rare opportunity to acquire a triplex in the prestigious Old Palo Alto Neighborhood, situated within walking distance to Stanford University and Downtown Palo Alto.
- Desirable Unit Mix – The subject property offers an attractive unit mix consisting of spacious, beautifully designed two-bedroom townhouse residences, complemented by a 2nd story flat apartment.
- Convenient Property Amenities - Tenants enjoy private garage parking with each unit featuring access to a private deck or patio.
- Prestigious Palo Alto School District - The subject property is located in a continuously ranked number one public school district throughout California.
- Unparalleled Silicon Valley Investment Opportunity - Investors have the opportunity to acquire a stunning triplex asset in one of the most dynamic and desirable locations in the Peninsula.
- Prime Palo Alto Location - 103 Tennyson is conveniently located within walking distance to Stanford University and is within close proximity to Stanford Shopping Center, home to a myriad of high-end shopping, dining, and entertainment options.
- Strong Employment Base - The subject property offers close proximity to many of the nation's top employers including Stanford, Box, Inc., Google, Oracle, Electronic Arts, Inc. (EA), Facebook, Cisco Systems, Visa, Sony, as well as many other major employers.
- Excellent Transportation Corridors - 103 Tennyson Ave offers tenants convenient access to U.S. Route 82, U.S. Route 84, U.S. Route 101, Interstate 280, and the San Mateo-Hayward Bridge.
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