EXECUTIVE SUMMARY

Located in the heart of East Palo Alto, 2263 University Ave. offers a rare investment opportunity on a sprawling 23,760sq. ft. lot. This versatile property consists of seven units, including two one-bedroom, one-bathroom units, four two bedrooms, one-bathroom units, and a detached one-bedroom, one-bathroom cottage. Each unit provides comfortable living spaces, with a mix of cozy one-bedroom options and spacious two-bedroom layouts. The expansive lot allows for flexibility and future development potential, offering an attractive proposition for both investors and developers alike.

The property is ideally situated just 2 miles from Stanford University, 1.5 miles from Meta headquarters, and 4 miles from Google’s global headquarters, making it a prime location for tenants working in the booming tech industry. Its proximity to downtown Palo Alto and easy access to Highway 101 further enhance its appeal, offering residents convenience to major employment hubs, shopping, dining, and recreational amenities. With strong rental demand in this rapidly growing area, the property presents excellent cash flow potential

In addition to the existing apartment units, the property includes ample parking, with covered parking for seven vehicles and additional uncovered spaces to accommodate many more. Whether you’re an investor seeking steady rental income or looking to add value through future development, 2263 University Ave provides an exceptional opportunity to capitalize on a highly sought-after location in Silicon Valley.