252262 Everett Ave

Palo Alto, CA 94301

  • $3,098,000

    Price

  • 3,540

    SqFt

  • 0.09

    Acre

Listing Provided Courtesy of Kelly Griggs 650-464-1965 - Billy McNair 650-862-3266 - Coldwell Banker Realty (650) 324-4456

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About the Listing ML38329 - ML166664,ML164714

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 Highlights for 252262 Everett Ave

Status Active
Days on Site 44
Property Type Commercial Sale
MLS ® ML82062178
Year Built 1925
Total Square Footage 3,540
Lot/Acreage 0.09
County Santa Clara
Area 699 - Not Defined
School District Palo Alto Unified
High School Palo Alto

Interior Details

  • Appliances:
  • Air Cond: Wall/Window Unit(s)
  • Heating: Electric,Forced Air,Wall Furnace
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 2
  • Zoning: RM-30
  • Roof: Flat,Tile
  • Others: Has ADU
  • Sewer:

Financial Details

  • Tax Amount: $38,161
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 12025066
  • Tax Year: N/A

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252262 Everett Ave Palo Alto, CA 94301

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Listing Courtesy of Kelly Griggs 650-464-1965 - Billy McNair 650-862-3266 - Coldwell Banker Realty (650) 324-4456

Originating MLS: CRMLS

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252262 Everett Ave

Palo Alto, CA 94301

$3,098,000

0 Bed | 0 Bath | 3,540 SqFt

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Palo Alto, CA 94301

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