
Palo Alto, California 94301
This High-Potential Investment Opportunity is listed at a List Price of $2,698,000, positioned slightly above the $2,558,537 Fair Market Value. While priced at a premium, the property’s Mint Condition Rating and unique multi-unit configuration offer significant utility. Featuring a renovated main residence and two detached structures, this compound provides exceptional flexibility for rental income or multigenerational living. Located in the prestigious Palo Alto Unified School District, this asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-density property in a resilient market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 Alma Street Subject 3 bd · 2 ba · 1,107 sqft · $2,311 | $2,698,000* List Price | 3 | 2 | 1,107 | $2,311 | - |
A 235 Middlefield Road Sold 3 bd · 2 ba · 1,296 sqft · $1,852 · 1.0 mi | $2,400,000 | 3 | 2 | 1,296 | $1,852 | 1.0 mi |
B 1321 Hopkins Avenue Sold 2 bd · 2 ba · 960 sqft · $2,000 · 0.9 mi | $1,920,000 | 2 | 2 | 960 | $2,000 | 0.9 mi |
C 160 Santa Rita Avenue Pending 2 bd · 2 ba · 1,190 sqft · $2,267 · 0.9 mi | $2,698,000 List Price | 2 | 2 | 1,190 | $2,267 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1923, the property has undergone a comprehensive, high-end renovation within the last 5 years. The kitchen features modern shaker cabinetry, quartz countertops, and stainless steel appliances. The exterior shows new shingle siding, updated windows/doors, and modern mini-split HVAC systems, making the entire compound turnkey and mint condition.
The unique configuration of a split main residence plus two detached structures offers exceptional flexibility for rental income, guest housing, or multigenerational living.
Located in the highly desirable 94301 zip code and served by the top-tier Palo Alto Unified School District, the property promises strong long-term appreciation and market resilience.
The high-density layout on a 5,600 sqft lot provides a rare opportunity to maximize utility and ROI in one of Silicon Valley's most competitive real estate markets.
With a list price of nearly $2.7 million for just 1,107 square feet of living space, the property carries a premium valuation that may challenge buyers focused on interior scale.
Originally built in 1923, the property's age may necessitate ongoing capital expenditures for structural maintenance and system upgrades typical of vintage homes.
We are very pleased to present a truly unique residential compound that redefines the standard for flexible living in Palo Alto. The property features a 3-bedroom / 2-bathroom main residence, which has been walled off to create a 2-bedroom / 1-bathroom, and an attached 1-bedroom / 1-bathroom with it's own entrance. This is complemented by two additional detached structures. This rare configuration offers a level of versatility seldom found in the local market, making it an ideal acquisition for buyers looking to maximize both utility and long-term property value. The property's primary appeal lies in its versatility. The two auxiliary structures provide a turnkey solution for a variety of modern living needs, whether you are hosting a multigenerational family or seeking consistent rental income in a high-demand zip code. The ability to separate work, guest, and living spaces within a single lot offers a level of privacy and adaptability that is increasingly essential for the Silicon Valley lifestyle. This is more than a home; it is a strategic asset in one of the worlds most resilient real estate markets. By combining a prime location with a high-density, multi-unit layout, this property represents a premier opportunity for the discerning investor or homeowner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,107 | 1,780.218 |
| Lot Size | 5,600 | 7,183.641 |
| Price | $2.70M | $3.95M |
| Price per sq ft | $2.4K | $2.2K |
| Built year | 1923 | 1952 |
| HOA | $0 | $0 |
| Days on market | 16 | 30 |
Oct 8, 2026
$2,698,000
Initial Listing
Oct 31, 2022
$2,375,000
Public Record
Feb 25, 2016
$1,908,000
Public Record
Jun 1, 2006
$788,000
Public Record