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4-Unit Quadplex with Private Outdoor Space
New
For Sale
$2,998,000

311-317 Ramona Street, Palo Alto, CA 94301

Residents have individual yard or balcony space, with laundry available in-unit or in a shared room.

Property Size3,169 SF
Lot Size0.12 Acres
Price / SF$946.04
Days on Market4

Property Features for 311-317 Ramona Street

General Information

Standard status Active
Size 3,169 SF
Total Parking Spaces 4
Lot size 0.12 Acres
Property subtype Residential Income
Zoning RM4
Lease Term Month To Month

Units

Unit Mix 1 x 3BR/2BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $36,957

Amenities

private yard or balcony
in-unit laundry
laundry room
Coin Laundry
Central, Forced Air, Wall Furnace
Washer, Dishwasher, Refrigerator, Range, Oven
Off Street, Attached

Building Details

Building Size 3,169 SF
Year Built 1963
Buildings 1
Stories 2
Listing Agency: Coldwell Banker Realty
Listed By: Kelly Griggs · License #01812313
Source: Evrealestate
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 24 at 12:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This four-unit multifamily property contains 3,169 square feet on a 5,100-square-foot lot. The unit mix includes one 3-bedroom/2-bath residence, two 2-bedroom/1-bath residences, and one 1-bedroom/1-bath residence. Each unit has a private yard or balcony. Laundry is in-unit for two residences, while the other two use a shared on-site laundry room. The property also includes four garage bays and was built in 1963.

The building is a few blocks from University Avenue dining, shops, and retail in Palo Alto. Required SB-721 balcony work was completed in July 2026, with clearance and permitting in place.

Key Highlights

  • Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath
  • 3,169 SF building on a 5,100 SF lot
  • Private yard or balcony space for each unit

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Food Market Barber Shop (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

6,114
Businesses Nearby

Demographics for 94301, CA

17,299
Population
8,220
Households
2.1
Avg Household Size
44
Median Age
83%
College-Educated
96%
High-School Grad
2.4 sq mi
ZIP Area
7,208
Density / Sq Mi
$235,529
Median Household Income
$136,514
Median Earnings
$3,290
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Residents have individual yard or balcony space, with laundry available in-unit or in a shared room.
Where is this quadplex located?
The property is located at 311-317 Ramona Street Palo Alto, CA.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom/2‑bath, two 2‑bedroom/1‑bath, and one 1‑bedroom/1‑bath; 3,169 SF building on a 5,100 SF lot; Private yard or balcony space for each unit
More about this property
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