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Property profile

480 California Ave Palo Alto, CA 94306

OFF-MARKET
Office buildings
Property ID
US09-2250154
23,118 SF 0.21 ac lot Built 1970
Last sale Jul 2008
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional three-story office building, located at 480 South California Avenue in Palo Alto, California (94301), offers two remaining suites for lease. Built in 1970 and renovated in 2010, the building boasts a total of 20,883 square feet, with a minimum divisible space of 2,650 square feet. The building is classified as Class B and features a single elevator, 8-foot ceilings, and excellent natural light. Tenants enjoy a shared patio and the convenience of a nearby parking garage…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$2.20M
Assessed land$640k
Assessed improvement$1.56M

Value estimate

· Oct 2026
$8.63M
$7.76M – $9.49M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$1,216/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$800 – $1,620

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CC2RP
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Clothing Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Clothing Store14.3
Pharmacy14.0
Auto Parts Store12.4

Location

480 California Ave Palo Alto, CA 94306-1623
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
450 Cambridge, Palo Alto, CA 94306-1507 $9,350,000 Jun 2024 9,167 SF
555 College, Palo Alto, CA 94306-1433 $7,100,000 Dec 2023 8,082 SF
2555 Park, Palo Alto, CA 94306-1924 $58,000,000 Oct 2023 29,989 SF
425 Sherman, Palo Alto, CA 94306-1823 $972,000 Aug 2023 26,838 SF
250 Cambridge, Palo Alto, CA 94306-1549 $39,312,000 Jul 2022 35,950 SF
441 California, Palo Alto, CA 94306-1847 $200,000 Jun 2022 8,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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