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One-Bedroom Apartment Building
For Sale
$10,500,000

327 Hawthorne Avenue, Palo Alto, CA 94301

Built in 1956, the property includes select units supported by a five-year corporate lease.

Property Size9,665 SF
Lot Size0.46 Acres
Price / SF$1,086
Days on Market259

Property Features for 327 Hawthorne Avenue

General Information

Standard status Active
Size 9,665 SF
Lot size 0.46 Acres
Property subtype General Commercial

Additional Details

Public Transit Yes

Amenities

3
Composition
RM20

Building Details

Year Built 1956
Listing Agency: Marcus & Millichap
Listed By: Adam S. Levin · License #01462752
Source: Xome
Added: Dec 14, 2025 Changed: Aug 29 Last Checked: Aug 29 at 2:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap

Investment Insights

Based on property information with market context.

Hawthorne Apartments is an apartment building completed in 1956, offering one-bedroom floor plans across approximately 9,665 square feet of gross building area. The property occupies two contiguous parcels totaling approximately 20,000 square feet. Select units are subject to a five-year corporate lease, providing an established lease component within the property’s unit mix.

Located at 327 Hawthorne Avenue in Palo Alto, the property is two blocks from Downtown Palo Alto. Stanford University, Stanford Shopping Center, and the Palo Alto Caltrain station are identified nearby, along with access to employment centers, transportation, retail, and dining. The setting places the apartments within a walkable area close to established Palo Alto destinations.

Key Highlights

  • Approximately 9,665 square feet of gross building area
  • Two contiguous parcels totaling approximately 20,000 square feet
  • One‑bedroom apartment floor plans

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Barber Shop (Bike/Boat/Book/etc) Store Storage Facility Grocery & Convenience Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,884
Businesses Nearby

Demographics for 94301, CA

17,299
Population
8,220
Households
2.1
Avg Household Size
44
Median Age
83%
College-Educated
96%
High-School Grad
2.4 sq mi
ZIP Area
7,208
Density / Sq Mi
$235,529
Median Household Income
$136,514
Median Earnings
$3,290
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1956, the property includes select units supported by a five-year corporate lease.
Where is this apartment building located?
The property is located at 327 Hawthorne Avenue Palo Alto, CA.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Approximately 9,665 square feet of gross building area; Two contiguous parcels totaling approximately 20,000 square feet; One‑bedroom apartment floor plans
More about this property
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