Palo Alto, CA 94301
$2,998,000
Bed
0
Bath
0
Living Space
3,169 SqFt
Year Built
1963
Lot Size
5,100 SqFt
Days
8
Located just a few blocks from University Avenue's dining, shops, and retail, this well-maintained 4-unit multi-family offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. The desirable unit mix consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, totaling 3,169 SF across the building, on a 5,100 SF lot. Each unit benefits from a private yard space or a balcony. 4 garage bays. Built in 1963, the property has recently completed all required SB-721 balcony work as of July 2026, with full clearance and permitting in place. Two units offer in-unit laundry, with the remaining two served by an on-site shared laundry room. The property offers meaningful upside across all four units, with rents currently below market. 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and reflecting strong submarket fundamentals stable cash flow today, plus a clear path to further rent growth. This property can be purchased individually or as a combined 12-unit portfolio with the adjacent 5-unit property at 252-262 Everett Avenue and triplex at 270 Everett. Incredible opportunity!
Listing provided courtesy ofKelly Griggs License 01812313 Coldwell Banker Realty, Billy McNair License 01343603 Coldwell Banker Realty
Data provided by MLSListings Inc.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within 1-2 miles of 311-317 Ramona Street, Palo Alto, CA, 94301, several parks are available. These include El Palo Alto Park, Hopkins Creekside Park, and Burgess Park. Eleanor Pardee Park and Rinconada Park are also nearby options for outdoor recreation.
The property is located in the Downtown North neighborhood of Palo Alto. This area is characterized by its lively atmosphere and is known for its tight-knit community focused on safety and communication. Residents enjoy a diverse dining scene, local boutiques, and numerous green spaces. The neighborhood is also infused with arts and culture, hosting events and festivals throughout the year.
This location boasts a Walk Score of 97/100 and a Transit Score of 56/100. Public transportation options include several bus lines and Caltrain rail lines, with the Palo Alto Caltrain Station Northbound being a 7-minute walk away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within 1-2 miles of 311-317 Ramona Street, Palo Alto, CA, 94301, several parks are available. These include El Palo Alto Park, Hopkins Creekside Park, and Burgess Park. Eleanor Pardee Park and Rinconada Park are also nearby options for outdoor recreation.
The property is located in the Downtown North neighborhood of Palo Alto. This area is characterized by its lively atmosphere and is known for its tight-knit community focused on safety and communication. Residents enjoy a diverse dining scene, local boutiques, and numerous green spaces. The neighborhood is also infused with arts and culture, hosting events and festivals throughout the year.
This location boasts a Walk Score of 97/100 and a Transit Score of 56/100. Public transportation options include several bus lines and Caltrain rail lines, with the Palo Alto Caltrain Station Northbound being a 7-minute walk away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
