Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Palo Alto Ave Palo Alto, CA 94301

    Loading data...
    Loading data...
    Loading data...
    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

    Nearby Similar for Sale

    • $1,199,000
      Pending

      Ventura Duplex on Corner Lot

      Charming Midtown duplex on a spacious corner lot in Ventura.
      400 Arcade Dr, Ventura, CA 93003
      View Details
    • $2,195,000

      Prime Retail Space in Ventura

      High-visibility retail building in Midtown Ventura's revitalization zone.
      1895 East Main St, Ventura, CA 93001
      View Details
    • $2,995,000
      3,401 SF

      Spacious Duplex in Palo Alto

      Rare Palo Alto duplex with private backyards on a cul-de-sac.
      4148-4150 Byron St, Palo Alto, CA 94306
      View Details
    • $2,398,800
      1,400 SF

      Palo Alto Duplex Opportunity

      Duplex in walkable Midtown Palo Alto, ideal for owners or investors.
      2760-2762 Byron St, Palo Alto, CA 94306
      View Details
    • $369,000

      Ventura Flex Space For Sale

      Versatile commercial space with office and workspace in Ventura.
      2261 Palma Dr, Ventura, CA 93003
      View Details
    • $1,500,000
      4,496 SF

      Ventura Retail Opportunity For Sale

      Retail property for sale in Ventura, close to the beach.
      954 E Thompson Blvd, Ventura, CA 93001
      View Details

    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).
    Request Owner's contact information
    Palo Alto Ave Palo Alto, CA 94301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Palo Alto Ave
    Palo Alto, CA 94301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Palo Alto Ave Palo Alto, CA 94301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.