252-262 Everett AVE, Palo Alto, CA 94301
252-262 Everett AVE, Palo Alto, CA 94301
252-262 Everett AVE, Palo Alto, CA 94301
252-262 Everett AVE, Palo Alto, CA 94301
252-262 Everett AVE, Palo Alto, CA 94301
252-262 Everett AVE, Palo Alto, CA 94301
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Eric Sandate

Eric Sandate

+1(650) 576-5580
Listed by Kelly Griggs, DRE #01812313 • Coldwell Banker Realty
$ 3,098,000
Est. payment | /mo

2 Beds

3 Baths

3,540 SqFt

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$ 3,098,000
Est. payment | /mo
Save Virtual Tour

2 Beds

3 Baths

3,540 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,540 sqft

Price per Sqft $875

MLS Listing ID ML82062178

Bedrooms 2

Full Baths 3

Year Built 1925

Lot Size 3,987 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

This well-maintained 5-unit multifamily property offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. Located just a few blocks from University Avenue's dining, shops, and retail, this offers a desirable walk to downtown Palo Alto location. Built in 1925 and thoughtfully updated over time, including a new electrical panel, new HVAC systems in each unit. Every unit has been nicely remodeled, with all units offering remodeled kitchens and baths, in-unit washer and dryer, and A/C. The unit mix consists of four spacious 1-bedroom/1-bath units and one studio, totaling 3,540 SF in the building. The property is occupied with excellent, well-qualified tenants, currently at under-market rents. All 5 units are nicely remodeled with great natural light and fabulous floor plans. Deep renter pool from nearby major employers and CalTrain accessibility. 2-car garage onsite, which could be rented for added income or converted to an ADU. Two additional driveway parking spots. This property can be purchased individually as a 5-unit multifamily property or as a combined 12-unit portfolio with the adjacent 4-plex at 311-317 Ramona Street and triplex at 270 Everett. Incredible opportunity!

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM4

Rooms

Kitchen Countertop - Synthetic, Exhaust Fan, Microwave, Oven Range - Electric, Refrigerator

Interior

Heating Electric, Forced Air

Cooling Window / Wall Unit

Flooring Laminate

Laundry Washer / Dryer

Exterior

Parking Features Attached Garage, On Street, Tandem Parking, Uncovered Parking

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Public Utilities

Roof Type Flat / Low Pitch,Tile

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 120-25-066

Special Listing Condition Not Applicable

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Eric Sandate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric.s@guiderealestateca.com

1641 Laurel St, San Carlos, CA 94070-5216, USA

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252-262 Everett AVE