270 Everett Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 3 bath
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Palo Alto, California 94301
This Multi-Unit Residential Asset represents a Strong Value Opportunity, listed at $2,300,000—positioned well below the $2,402,056 Fair Market Value by 4%. This valuation gap provides $102,056 in Instant Equity. The property maintains a Condition Rating of 3, featuring three updated units with refreshed kitchens, private patios, and in-unit laundry. Located in the heart of Downtown Palo Alto near Stanford University and zoned for the elite Palo Alto Unified School District, it ensures consistent demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 270 Everett Avenue Subject | $2,300,000* List Price | 3 | 3 | 1,840 | $1,305 | - |
A 206 Everett Avenue Active | $2,695,000 List Price | 3 | 3 | 1,765 | $1,527 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1931, the property has undergone updates including refreshed kitchens and bathrooms in all three units. It is currently fully leased and functional with modern amenities like in-unit laundry, indicating it is well-maintained and move-in ready for tenants.
High School: Palo Alto High School (9/10).
Situated in the heart of Downtown Palo Alto, the property is steps from world-class dining and less than a mile from Stanford University, ensuring perpetual tenant demand and high walkability.
The building is fully leased and features modern updates including refreshed kitchens, bathrooms, and essential in-unit laundry for all three units, minimizing immediate capital expenditure.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2432, living area = 1840.
With only one garage primarily used for storage, the lack of dedicated off-street parking for all three units may be a drawback for tenants in a busy downtown corridor.
The small 2,432 square foot lot offers very limited private outdoor space and restricts potential for future building expansion or significant redevelopment.
Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,840 | 2,057 | 46% |
| Lot Size | 2,432 | 5,625 | 6% |
| Price | $2.30M | $4.20M | 11% |
| Price per sq ft | $1.2K | $2.2K | 6% |
| Built year | 1931 | 1924 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 98 | 3% |
Apr 16, 2026
$2,300,000
Initial Listing