True trophy asset in irreplacable downtown Palo Alto location. Excellent Unit Mix: (6) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath Units. Numerous recent upgrades including interior updates to at least half of the units with updated kitchen countertops and bathrooms. Beautiful pool and courtyard area. Solid in-place rents with… Read More plenty of upside potential through additional unit renovations. Forced Air Heating in every unit, many furnaces replaced in the past few years. Recent replacement of water heaters (2023+2025). All copper plumbing. New composition shingle roof installed in 2010. Garage parking for all tenants. Laundry facility on-site. Add 2 ADUs. Convert the garage parking into two new ADU units to add income and value. Incredible location in one of the most prestigious and supply-constrained submarkets of Silicon Valley walking distance to all the shopping, dining & entertainment amenities on University Avenue. The property benefits from its proximity to downtown Palo Alto, Stanford University, and top employers such as Google, Meta, and Palantir, making it highly attractive to both residents and investors. Demand for quality housing in this submarket remains consistently strong due to limited new development and exceptionally high barriers to entry. Read Less
Courtesy of Compass, Matthew Thomson 650-515-6555
Listing Snapshot
Days Online
8
Last Updated
Property Type
Five Or More Units
Square Ft.
6,442
Lot Size
0.29 Acres
Year Built
1958
MLS Number
ML82017965
30 Days Snapshot Of 94301
$4.26M
-27%
(avg) sold price
10
+11%
homes sold
70
+311%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 12500.00, Max Area Units: Square Feet, Lot is 0.28696051423324 acres
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