
Palo Alto, California 94306
This Dual-Unit Residential Property is a Strong Value Opportunity, listed at $1,798,000—positioned well below the $1,961,799 Fair Market Value by 8%. This valuation gap offers $163,799 in Instant Equity. Featuring a Mint Condition Rating with fully reimagined interiors and a permitted attached cottage, the home provides exceptional flexibility. Located in the Palo Alto Unified district near Stanford, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 358 Fernando Avenue Subject | $1,798,000* List Price | 2 | 2 | 903 | $2,173 | - |
A 360 Fernando Avenue Sold | $1,920,000 | 2 | 2 | 903 | $2,126 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1966, the property has undergone a complete high-end renovation within the last 5 years. The kitchen and bathrooms are fully reimagined with modern cabinetry and stone countertops, and the home features updated mini-split HVAC systems, placing it in mint, move-in-ready condition.
The property features a main residence plus a permitted attached cottage, offering exceptional flexibility for rental income, a private home office, or multi-generational living.
The home boasts a fully reimagined kitchen and bathrooms with a contemporary center island and energy-efficient mini-split systems for year-round climate control.
Situated in the Ventura neighborhood, the property provides easy access to Stanford University, California Avenue amenities, and top-tier Palo Alto Unified schools like Gunn High.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 903, other record living area = 672.
With only 903 square feet of total living area divided between two units, the individual rooms and common areas are relatively small.
The 2,625 square foot lot is modest for a single-family residence, offering limited outdoor space and restricted potential for future footprint expansion.
Located in the heart of Palo Alto's Ventura neighborhood, this property pairs a main residence with a permitted, attached cottage, each with one bedroom and one bath. The kitchen and bathrooms have been fully reimagined, with a center island and breakfast bar anchoring the kitchen. Mini-split systems provide heating and cooling year round. Outside, an inviting garden offers space for outdoor dining, entertaining, or a quiet morning coffee. John Boulware Park sits just down the street, with a recently renovated playground and picnic tables under mature trees. Cafe Yutori is close by on El Camino Real, and the shops, restaurants, cafes, farmers market, and Caltrain station along California Avenue are a short distance away, as are Whole Foods and Stanford University. Highways 101 and 280 are both within easy reach. Nearby schools include Barron Park Elementary, Fletcher Middle, and Gunn High (buyer to verify).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 903 | 1,689.34 |
| Lot Size | 2,625 | 7,261.56 |
| Price | $1.80M | $3.84M |
| Price per sq ft | $2.0K | $2.2K |
| Built year | 1966 | 1951 |
| HOA | $0 | $0 |
| Days on market | 22 | 30 |
Aug 18, 2026
$1,798,000
Initial Listing
Jul 8, 2024
$1,400,000
Public Record
Jul 28, 2017
$1,300,000
Public Record
Feb 20, 1997
$230,000
Public Record