270 Everett Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 3 bath
Loading property details...
Palo Alto, California 94301
This Updated Multi-Unit Residential Building represents a Prime Investment Opportunity, listed at $2,300,000—positioned well below the $2,388,808 Fair Market Value by 3%. This valuation provides $88,808 in Instant Equity. Featuring three refreshed 1-bedroom units with in-unit laundry and private patios, the property maintains a Well-Maintained Condition Rating. Located steps from downtown and Palo Alto High School, it offers elite lifestyle perks and consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside asset.
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 | $1,298 | - |
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.
Although built in 1931, the property is described as an updated three-unit building with refreshed kitchens, baths, and in-unit laundry. It is fully leased and functional, meeting the criteria for a well-maintained, move-in ready investment.
High School: Palo Alto High School (9/10).
Situated in the heart of Downtown Palo Alto and less than a mile from Stanford University, the property offers unparalleled access to high-end dining, shopping, and major Silicon Valley employers.
The building is fully leased and features refreshed kitchens, bathrooms, and in-unit laundry for all three units, providing immediate, reliable income with minimal initial capital improvement needed.
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 attached garage primarily used for storage, the property lacks adequate off-street parking for all three units, which can be a challenge in a high-density downtown area.
The 2,432 square foot lot is relatively small for a multi-unit property, leaving very little outdoor space for tenants and limiting future expansion or ADU development potential.
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 | 4.0 | 41% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,840 | 2,181.5 | 35% |
| Lot Size | 2,432 | 5,625 | 3% |
| Price | $2.30M | $4.24M | 6% |
| Price per sq ft | $1.2K | $2.2K | 9% |
| Built year | 1931 | 1936 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 59 | 99 | 21% |
Apr 16, 2026
$2,300,000
Initial Listing