643 Channing Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 4 bed, 3 bath

643 Channing Avenue, Palo Alto, California 94301 home-pic-0
ACTIVE$4,495,000
643 Channing Avenue, Palo Alto, California 94301
4Beds
3Baths
2,195Sqft
10,000Lot
Year Built
1926
Close
-
List price
$4.5M
Original List price
$4.5M
Price/Sqft
$2,048
HOA
-
Days on market
-
Sold On
-
MLS number
ML82005017
Home ConditionGood
Features
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $4.50M(42th), sqft - 2195(42th), beds - 4(50th), baths - 3(50th).

Welcome to Channing Landing, a unique opportunity to own a turnkey investment property near vibrant downtown Palo Alto. The main residence consists of a 4 bedroom/3 bath two-story home with hardwood floors throughout, a well-appointed kitchen and lovely private yard space. Behind the main residence is a driveway and carport with six parking spaces. The separate investment property is located in the rear of the lot with four 1-bedroom/1-bath apartments, shared laundry facilities and an inviting patio. Prime location near highly rated Palo Alto schools, parks, shopping, restaurants, Stanford University, and many of Silicon Valley's top employers. A rare chance to purchase a Palo Alto home in an excellent location with investment income opportunity.

Price History

Date
Event
Price
05/01/25
Listing
$4,495,000
Condition Rating
Good

The property, built in 1926, has undergone extensive renovations, particularly in the main residence. The kitchen features modern wood cabinetry, granite countertops, stainless steel appliances, and contemporary lighting, appearing well-appointed and in excellent condition. The bathrooms in the main residence are also highly updated with modern vanities, high-quality tiling, glass-enclosed showers, and a freestanding tub, suggesting recent and thorough renovations. Hardwood floors are prevalent and in good condition. While the separate apartment units are clean, functional, and include updated elements like stainless steel appliances and hardwood, they do not exhibit the same level of high-end, recent renovation as the main house (e.g., some carpeted areas, simpler fixtures). Overall, the property is move-in ready and well-maintained, with clear evidence of significant updates within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Exceptional Location: Prime Palo Alto location near highly rated schools, parks, shopping, restaurants, Stanford University, and major Silicon Valley employers, ensuring strong demand and appreciation potential.
Significant Investment Income Potential: Features a separate building with four 1-bedroom/1-bath apartments, providing a substantial and immediate income stream for the owner.
Versatile Property Use: Offers a unique blend of a 4-bedroom main residence and a multi-unit investment property, appealing to owner-occupiers seeking income or pure investors.
Ample Parking: Includes a driveway and carport with six dedicated parking spaces, a highly valuable amenity in a dense urban environment like Palo Alto.
Turnkey Investment: Described as a 'turnkey investment property,' suggesting it is ready for immediate occupancy and income generation without significant initial work.

Cons

Age of Property: Built in 1926, the property is nearly 100 years old, which may imply potential for outdated infrastructure, higher maintenance costs, or the need for significant system upgrades in the future.
Shared Laundry Facilities: The four investment apartments utilize shared laundry facilities, which can be less appealing to prospective tenants compared to in-unit laundry options.
Limited Detail on Apartment Condition: While described as 'turnkey,' the listing provides limited specific details on the current condition or recent renovations of the four individual apartment units, which could require further inspection or investment.

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