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27602762 Byron Street, Palo Alto, California 94306, Palo Alto, 94306 - bed, bath

27602762 Byron Street, Palo Alto, California 94306 home-pic-0
ACTIVE$2,398,800
27602762 Byron Street, Palo Alto, California 94306
0Bed
0Bath
1,400Sqft
5,992Lot
Year Built
1950
Close
-
List price
$2.4M
Original List price
$2.4M
Price/Sqft
$1,713
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025020
Home ConditionTear down
Features
View-

About this home

We found 3 Cons,5 Pros.

Lowest-priced opportunity in Midtown Palo Alto! Discover the ultimate in location and lifestyle on one of Midtowns most walkable, tree-lined streets. Steps from shops, dining, and daily conveniencesgrab coffee or pizza, walk to CVS, or meet friends for boba. Biking to Paly, JLS, or Stanford and the hospital, or for commuting via nearby Middlefield or Hwy 101. This rare duplex offers flexibility for live-in owners and investors alikelive in one unit and let the other offset your mortgage, or rent both for strong short- or long-term income potential. You may also consider a new built similar to what the neighbor has done. A golden opportunity to grow equity in Palo Altos most desirable lifestyle corridor. Property includes two 2-bed & 1-bath units and three single car garage on a spacious lot!

Price History

Date
Event
Price
10/16/25
Listing
$2,398,800
Condition Rating
Tear down
Built in 1950, the property features extremely dated interiors, including a kitchen with light green cabinets and laminate countertops, and a basic, utilitarian bathroom. The listing description and property analysis explicitly suggest considering a 'new build' and highlight 'redevelopment potential' due to 'outdated systems, infrastructure, and interior finishes.' This indicates that while the property may be minimally functional, its highest and best use is for redevelopment, aligning with the 'tear-down' criteria where value is based on the land.
Pros & Cons

Pros

Exceptional Location & Walkability: Situated in Midtown Palo Alto on a desirable, tree-lined street, offering unparalleled walkability to shops, dining, and daily conveniences, plus easy biking access to top schools (Paly, JLS, Stanford) and major commute routes.
Income-Generating Duplex: A rare duplex configuration providing significant flexibility for owner-occupants to offset mortgage costs or for investors to generate strong short- or long-term rental income.
Redevelopment & Equity Growth Potential: Positioned as the 'lowest-priced opportunity' in Midtown, with explicit mention of potential for a new build, offering substantial long-term equity growth and value-add possibilities.
Desirable School District: Located within the highly-regarded Palo Alto Unified School District, a major draw for families and a factor contributing to property value.
Generous Lot Size & Parking: Features a spacious 5,992 sqft lot and three single-car garages, providing ample outdoor space and valuable off-street parking in a prime urban setting.

Cons

Age and Condition of Existing Structures: Built in 1950, the property likely features outdated systems, infrastructure, and interior finishes, necessitating significant capital investment for modernization or a complete rebuild.
Small Unit Sizes: Each of the two units is approximately 700 sqft (2-bed, 1-bath), which is relatively compact and may not appeal to all potential tenants or owner-occupants seeking more spacious living.
High Entry Price Point: Despite being marketed as the 'lowest-priced opportunity' in Midtown, the $2.3988 million list price represents a substantial initial investment, which, when combined with potential renovation costs, could be a barrier for some buyers.

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