Palo Alto, CA 94301
$3,098,000
Bed
0
Bath
0
Living Space
3,540 SqFt
Year Built
1925
Lot Size
3,987 SqFt
Days
8
This well-maintained 5-unit multifamily property offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. Located just a few blocks from University Avenue's dining, shops, and retail, this offers a desirable walk to downtown Palo Alto location. Built in 1925 and thoughtfully updated over time, including a new electrical panel, new HVAC systems in each unit. Every 1-bed unit has been nicely remodeled, with all units offering remodeled kitchens and baths, in-unit washer and dryer, and A/C. The unit mix consists of four spacious 1-bedroom/1-bath units and one studio, totaling 3,540 SF in the building. The property is occupied with excellent, well-qualified tenants, currently at under-market rents. All 5 units are nicely remodeled with great natural light and fabulous floor plans. Deep renter pool from nearby major employers and CalTrain accessibility. 2-car garage onsite, which could be rented for added income or converted to an ADU. Two additional driveway parking spots. This property can be purchased individually as a 5-unit multifamily property or as a combined 12-unit portfolio with the adjacent 4-plex at 311-317 Ramona Street 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.
- Walter Hays Elementary (Elementary) - GreatSchools rating 8/10 - Jane Lathrop Stanford Middle (Middle) - GreatSchools rating 8/10 - Palo Alto High (High) - GreatSchools rating 8/10 School District: Palo Alto Unified School District
Johnson Park is a 2.5-acre park located between Kipling and Waverley Streets, featuring community garden plots, shaded areas, a toddler playground, basketball hoops, a sand volleyball pit, and picnic areas. Sarah Wallis Park, Boulware Park, and Mayfield Park are also nearby.
The neighborhood is part of Palo Alto, a city known as a vibrant tech hub in Silicon Valley. The area is characterized by tree-lined streets, a laid-back lifestyle, and proximity to dining, shopping, and major tech firms. Central commercial districts are concentrated on California Avenue and University Avenue, offering a variety of restaurants and shops.
This location has a Walk Score of 84 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. There are a few nearby public transportation options, giving it a Transit Score of 47 out of 100. Nearby bus lines include Express 101, 22, Express 103, Express 102, Express 104, 89, and Rapid 522. The closest train stations are Palo Alto Caltrain (Lytton & Alma) and California Avenue Caltrain.
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.
- Walter Hays Elementary (Elementary) - GreatSchools rating 8/10 - Jane Lathrop Stanford Middle (Middle) - GreatSchools rating 8/10 - Palo Alto High (High) - GreatSchools rating 8/10 School District: Palo Alto Unified School District
Johnson Park is a 2.5-acre park located between Kipling and Waverley Streets, featuring community garden plots, shaded areas, a toddler playground, basketball hoops, a sand volleyball pit, and picnic areas. Sarah Wallis Park, Boulware Park, and Mayfield Park are also nearby.
The neighborhood is part of Palo Alto, a city known as a vibrant tech hub in Silicon Valley. The area is characterized by tree-lined streets, a laid-back lifestyle, and proximity to dining, shopping, and major tech firms. Central commercial districts are concentrated on California Avenue and University Avenue, offering a variety of restaurants and shops.
This location has a Walk Score of 84 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. There are a few nearby public transportation options, giving it a Transit Score of 47 out of 100. Nearby bus lines include Express 101, 22, Express 103, Express 102, Express 104, 89, and Rapid 522. The closest train stations are Palo Alto Caltrain (Lytton & Alma) and California Avenue Caltrain.
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.
