220 College Ave Palo Alto, CA 94306
New
Turn-key 6-unit apartment building in prime Palo Alto location.
Property size:
4,878 SFProperty Features for 220 College Ave
General Information
- Standard status
- Active
- Size
- 4,878 SF
Building Details
- Year built
- 1968
Source:
Corcoran
Listing Agency: COMPASS Listing Agent: Bryan Danforth
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Palo Alto 6-Unit Apartment Building
The property at 220 College Avenue presents an opportunity to acquire a 6-unit apartment building in Palo Alto. The building contains four two-bedroom, one-bath units and two one-bedroom, one-bath units. It is located on a cul-de-sac within walking distance of the shopping, dining, and entertainment amenities of California Avenue. The property has in-place rents and the potential to add value through renovations to achieve market rents. Four units have received kitchen and bath updates, and the other two have some interior updates. The building systems have been updated, including a new roof in 2023, a fully upgraded electrical system (main and subpanels) planned for 2025, a new water heater in 2022, new washer and dryer planned for 2025, and a new driveway ramp planned for 2025. Dual pane windows are installed throughout. There is potential to add an ADU in the tuck-under carport parking area. The property is located in the Evergreen Terrace neighborhood of Palo Alto, surrounded by tech companies and jobs. It is within a half-mile walk of the Stanford campus, California Avenue, Caltrain Station, Peers Park, Jerry Bowden Park, graduate housing, Sundance Steakhouse and other shopping and dining on El Camino Real, Stanford Business Park, and Palo Alto High School. The property size is 4878 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Palo Alto
- County
- Santa Clara
- State
- California
- Longitude
- -122.1450293
- Latitude
- 37.4297898
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turn-key 6-unit apartment building in prime Palo Alto location.
Where is this apartment building located?
The property is located at 220 College Ave Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: - Prime Palo Alto location on a quiet cul-de-sac, walking distance to California Avenue amenities and Stanford campus.; - Turn-key 6-unit apartment building with strong in-place rents and potential for significant value-add through high-end renovations.; - Recent major building system upgrades: New Roof (2023), Upgraded Electrical System (2025), New Water Heater (2022), and New Washer/Dryer (2025).
