518 Everett Avenue A, Palo Alto, California 94301, Palo Alto, 94301 - 2 bed, 1 bath
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Palo Alto, California 94301
This Downtown Palo Alto residence represents a High-Potential Investment Opportunity, listed at $1,288,000—positioned above the $1,131,586 Fair Market Value. While the price reflects a premium, the property offers a Fair Condition Rating with significant upside for cosmetic modernization. Located in the prestigious Palo Alto Unified School District with direct pool deck access and a ground-floor end unit layout, it provides rare privacy in a high-demand urban core. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 518 Everett Avenue A Subject | $1,288,000* List Price | 2 | 1 | 1,044 | $1,084 | - |
A 101 Alma Street 904 Sold | $930,000 | 1 | 1 | 913 | $1,019 | 0.4 mi |
B 101 Alma Street 407 Sold | $1,495,000 | 2 | 2 | 1,444 | $1,035 | 0.4 mi |
C 500 Fulton Street 105 Active | $1,408,000 List Price | 2 | 2 | 1,080 | $1,304 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1962 and, while well-maintained and move-in ready, features dated elements such as original wood-veneer closet doors and older window sliders. Since there is no mention of recent major system upgrades (HVAC/Electric) or a full kitchen/bath remodel within the last 15 years, it falls into the Fair category as it requires cosmetic and functional updates.
Situated in the heart of Downtown Palo Alto, this property offers unparalleled walkability to world-class dining, shopping, Stanford University, and Caltrain, ensuring high demand and lifestyle convenience.
As a ground-floor end unit with no shared walls, this residence provides a rare level of privacy and accessibility for a condominium, complemented by direct access to the pool deck for seamless entertaining.
The property is located within the prestigious Palo Alto Unified School District, providing access to some of the highest-rated public schools in the country, which serves as a major driver for long-term value.
The association fee of $930 per month is notably high for a 1960s-era complex, which may impact the overall affordability and monthly carrying costs for prospective buyers.
With only one bathroom serving two bedrooms, the layout may be a drawback for small families or those accustomed to modern multi-bath configurations at this price point.
Welcome to this Downtown Palo Alto home steps from all this city has to offer! Easy access to restaurants, shopping, library, parks, highly rated public schools, Stanford & Cal-Train, Its ground floor, end unit location provides convenience, accessibility and no shared walls. The spacious Living, Dining, Kitchen combination with direct access to pool deck is a perfect setup for entertaining all ages. This comfortable home is rounded out with a living room 'hidden' wall of shelves, plenty of bedroom closet space, 2 separate storage areas and an in-unit washer/dryer as well as a free community washer/dryer. Interior photos are from previous staged listing ML81884985.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 1,044 | 1,491 | 33% |
| Lot Size | - | - | 50% |
| Price | $1.29M | $1.56M | 22% |
| Price per sq ft | $1.2K | $1.2K | 50% |
| Built year | 1962 | 1978 | 44% |
| HOA | $930.0 | $1.0K | 33% |
| Days on market | 8 | 86 | 11% |
May 29, 2026
$1,288,000
Initial Listing
Aug 31, 1995
$214,000
Public Record