$3,098,000
( $875.14Per Sq Foot )
 $16,631 est/mo Sourced by Back At You

252262 Everett Avenue,Palo Alto, CA 94301

Palo Alto, CA 94301

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Description

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!

Details

MLS #ML82062178
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site36
Listing Provided ByColdwell Banker Realty | Kelly Griggs

Features

SQ Feet3,540
Building(s)2
ZoningRM-30
Acreage0.09

Interior

CoolingWall Window Units
HeatingElectric, Forced Air, Wall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofFlat, Tile

Taxes

Property38161

Area Information

StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$3,098,000
low | high
Med:
$3,500,000
37.023886378309% of Average
sqft:
3,540
low | high
Med:
2,577
77.203389830508% of Average
$ / sqft:
$875
low | high
Med:
$1,358
5.194195661928% of Average
On site:
36
low | high
Med:
112
32.142857142857% of Average
Sourced by Back At You

Market Activity 94301

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

Allen Lane

Allen Lane

Desert Lifestyle Properties

01952730 (760) 408-2963realtor.allenlane@gmail.com
StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$3,098,000
low | high
Med:
$3,500,000
37.023886378309% of Average
sqft:
3,540
low | high
Med:
2,577
77.203389830508% of Average
$ / sqft:
$875
low | high
Med:
$1,358
5.194195661928% of Average
On site:
36
low | high
Med:
112
32.142857142857% of Average
Sourced by Back At You
Listing Updated: October 7, 2026 at 11:49:46 PM PDT

Specialty Areas

Real Estate

Allen Lane
200 N Sunrise Way Ste.B
Palm Springs, CA 92262
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.
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