Douglas Korb   ♦   RE/MAX Accord   ♦   Cell: 510-828-2917   ♦   dougkorb@comcast.net   ♦   view as tour

Value-Add | East Palo Alto | 5 Units + ADU Potential
Close to Amazon Offices, Facebook & Stanford!
Cap Rate - 4.54%

2056 Glen Way, East Palo Alto, CA 94303   ♦   $2,350,000   ♦   info   ♦   map
5 Units - 9 BR/5 BA total, 3,600 sqft, 8,350 sqft lot

2056 Glen Way, East Palo Alto, CA 94303

MLS 40966750   ♦   $2,350,000
5 Units - 9 BR/5 BA total, 3,600 sqft, 8,350 sqft lot

Great upside potential! Excellent unit mix of four 2BR/1BA units + one 1 BR/1BA unit. Vacant accessory structure could be converted to an ADU for a 6th unit. Rapidly improving area. Walking distance to Amazon offices, 2 mi from Facebook, and 2.6 mi from Stanford. Easy access to HWY 101 and Dumbarton Bridge. Current tenants on state or local Housing Authority program; almost 90% of income is guaranteed! Do not disturb tenants or walk on the property. By appointment only.

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