
Palo Alto, California 94306
This Residential Income Quadruplex presents a High-Potential Investment Opportunity with a List Price of $3,350,000—positioned well above the $2,965,297 Fair Market Value by -12%. While priced at a premium, the property offers significant value-add potential through the conversion of the carport into four additional ADU units. Featuring a Condition Rating of 4, the asset requires modernization but benefits from direct access to Cameron Park and proximity to Stanford University. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to maximize rental yield in a high-demand Palo Alto location.
Property is moderate renovation needed.
Built in 1955, this property is over 60 years old and appears to be in mostly original or dated condition. While it is functional and generating 'strong in-place income,' the exterior shows signs of age such as cracked concrete in the driveway and carport. The marketing focus on ADU conversion and development potential, rather than interior upgrades, indicates that kitchens, baths, and systems are likely dated and will eventually require modernization.
High School: Palo Alto High School (9/10).
Situated in the prestigious College Terrace neighborhood just half a block from Stanford University, the property benefits from exceptional tenant demand and proximity to major employment hubs like Stanford Research Park.
The opportunity to convert the existing carport into four additional ADU units allows an investor to potentially double the unit count to eight, drastically increasing the gross rent multiplier and overall asset value.
Built in 1955, the property may require significant capital expenditure for modernization or system upgrades to maintain its competitive edge and address potential deferred maintenance.
Realizing the full potential of the 8-unit conversion requires substantial upfront investment and the ability to navigate Palo Alto's complex permitting and construction processes.
A+++ Location half block to Stanford in the College Terrace Neighborhood, backing up to a 1+ acre park with direct access. Convert the carport into up to 4 new ADU units to make this an 8 Unit property for HUGE income and property value increases! This property is offered individually, or conjunction with our listing of the neighboring property at 2120 - 2122 Williams St (duplex). Strong in-place income, attractive floor plans, private outdoor spaces, covered parking, and direct gated access to Cameron Park. Located just steps from Stanford University, Stanford Research Park, California Avenue, Caltrain, shopping, dining, and major employment centers, the property benefits from exceptional tenant demand.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,298 | - |
| Lot Size | 6,875 | - |
| Price | $3.35M | $2.89M |
| Price per sq ft | $1.0K | $1.7K |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 23 | 48 |
Jun 29, 2026
$3,350,000
Initial Listing
Oct 24, 2024
$1,000,000
Public Record
Dec 21, 2011
$1,229,750
Public Record