Slim pickings in the multifamily market | October 26, 2012 | Palo Alto Weekly | Palo Alto Online |


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Palo Alto Weekly

Real Estate - October 26, 2012

Slim pickings in the multifamily market

Investors have little to choose from because owners hold on

by Maytal Mark

If you're looking to purchase investment property in Palo Alto, Mountain View or Menlo Park, you may be facing slim pickings and a competitive market. In early September, there were only just over a dozen properties on the market within the three cities. At the lowest, a duplex in Menlo Park was offered at about $300,000 while at the highest end, a 26-unit Mountain View complex was listed at $5.9 million.

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