NewOpen house
$3,098,000
2 bd · 3 ba · 3,540 sqft · 3,987 sqft lot
Everett, Palo Alto, CA 94301
Multi-family · Built 1925 · $875/sqft ·
$18,974/mo est. payment
- Garage
- 2 cars
3D tourFlood factor 6/10
About this home
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!
Facts and features
Bedrooms
- Bedrooms: 2
Appliances
- Exhaust fan
- Microwave
- Oven range electric
- Washer dryer
Heating and Cooling
- Cooling Features: Window Wall Unit
- Heating Features: Electric, Forced Air, Wall Furnace
- Heating: Yes
Bathrooms
- Full Bathrooms: 3
Interior Features
- Flooring: Laminate
Land Info
- Lot Size Acres: 0.0915289
- Lot Size Square Feet: 3987
Garage and Parking
- Garage Spaces: 2
- Parking Features: Attached Garage, On Street, Tandem Parking
- Parking Total: 2
Multi-Unit Info
- Number of Buildings: 2
- Number of Units In Community: 5
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 0
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
Schools
- 9
Addison Elementary School
elementary · K-5 · 0.7 mi
- 10
Palo Alto High School
high · 9-12 · 0.8 mi
- 9
Frank S. Greene Jr. Middle
middle · 6-8 · 1.8 mi
Tru School
elementary · K-6 · 0.4 mi
Greendell School
elementary · K · 3.7 mi
Tru School
elementary · K-5 · 0.5 mi
Price history
- Oct 20, 2026 · Listed$3,098,000
- Jan 27, 2017 · Listing Removed$5,680
- Jan 19, 2017 · Listed For Rent$5,680
- Jan 19, 2017 · Listing Removed$5,510
- Jan 15, 2017 · Listed For Rent$5,510
- Jan 15, 2017 · Listing Removed$5,590
- Jan 11, 2017 · Listed For Rent$5,590
- Jan 11, 2017 · Listing Removed$5,290
Tax history
- 2025$10,081 tax · $765,757 assessed
- 2024$9,685 tax · $750,743 assessed
- 2023$9,540 tax · $721,593 assessed
- 2022$9,423 tax · $707,445 assessed
- 2021$9,237 tax · $693,574 assessed
- 2020$9,060 tax · $686,463 assessed
- 2019$8,956 tax · $673,004 assessed
- 2018$8,726 tax · $659,808 assessed
Home value
$4,165,000
- Collateral Analytics$4,165,000
Where it is
Listed by Kelly Griggs · Coldwell Banker Realty · MLSListings
