252262 Everett AVE, Palo Alto, CA 94301
252262 Everett AVE, Palo Alto, CA 94301
252262 Everett AVE, Palo Alto, CA 94301
252262 Everett AVE, Palo Alto, CA 94301
252262 Everett AVE, Palo Alto, CA 94301
252262 Everett AVE, Palo Alto, CA 94301
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 3,098,000
Est. payment | /mo

3,985 Sqft Lot

Save Virtual Tour
$ 3,098,000
Est. payment | /mo
Save Virtual Tour

3,985 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82062178

HOA Y/N No

Year Built 1925

Annual Tax Amount $38,161

Lot Size 3,985 Sqft

Property 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!

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM4

Interior

Heating Electric, Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Flat,Tile

Total Parking Spaces 2

Building

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 12025066

Special Listing Condition Standard

Virtual Tour https://www.252-262everett.com

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Listed by Kelly Griggs Coldwell Banker Realty #01812313

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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252262 Everett AVE