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Palo Alto Ave Palo Alto, CA 94301

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For Sale
$4,800,000

Downtown Palo Alto multifamily property with upside potential.

Property size:
6,442 SF
Lot size:
0.29 Acres

Property Features for Palo Alto Ave

General Information

Size
6,442 SF
Lot size
0.29 Acres

Building Details

Year built
1958

Source: COMPASS Agent MATTHEW THOMSON

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Palo Alto Multifamily Investment

This multifamily property is located in downtown Palo Alto, offering an excellent unit mix of six two-bedroom/one-bath units and two one-bedroom/one-bath units. Numerous recent upgrades have been made, including interior updates to at least half of the units with updated kitchen countertops and bathrooms. The property features a pool and courtyard area. Solid in-place rents offer upside potential through additional unit renovations. Each unit has forced air heating, and many furnaces have been replaced in recent years. The water heaters were recently replaced in 2023 and 2025. The property has all copper plumbing. A new composition shingle roof was installed in 2010. Garage parking is available for all tenants. There is a laundry facility on-site. The property has the potential to add two ADUs by converting the garage parking into two new units to add income and value. The location is within walking distance of shopping, dining, and entertainment amenities on University Avenue. The property benefits from its proximity to downtown Palo Alto, Stanford University, and top employers such as Google, Meta, and Palantir.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Palo Alto
County
Santa Clara
State
California
Longitude
-122.1706133
Latitude
37.4465599

FAQs

What type of property is this?
Apartment building - Downtown Palo Alto multifamily property with upside potential.
Where is this apartment building located?
The property is located at Palo Alto Ave Palo Alto, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: - Irreplaceable downtown Palo Alto location, walking distance to University Avenue amenities.; - Significant income upside potential through additional unit renovations and ADU development.; - Strong tenant demand due to proximity to Stanford University and major employers (Google, Meta, Palantir).
More about this property
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