This well-maintained 5-unit multifamily property offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. Located just a few blocks from University Avenue's dining, shops, and retail, this offers a desirable walk to downtown Palo Alto location. Built in… Read More 1925 and thoughtfully updated over time, including a new electrical panel, new HVAC systems in each unit. Every unit has been nicely remodeled, with all units offering remodeled kitchens and baths, in-unit washer and dryer, and A/C. The unit mix consists of four spacious 1-bedroom/1-bath units and one studio, totaling 3,540 SF in the building. The property is occupied with excellent, well-qualified tenants, currently at under-market rents. All 5 units are nicely remodeled with great natural light and fabulous floor plans. Deep renter pool from nearby major employers and CalTrain accessibility. 2-car garage onsite, which could be rented for added income or converted to an ADU. Two additional driveway parking spots. This property can be purchased individually as a 5-unit multifamily property or as a combined 12-unit portfolio with the adjacent 4-plex at 311-317 Ramona Street and triplex at 270 Everett. Incredible opportunity! Read Less
Courtesy of Coldwell Banker Realty, Kelly Griggs 650-464-1965
Listing Snapshot
Days Online
0
Last Updated
Property Type
Five Or More Units
Square Ft.
3,540
Lot Size
0.09 Acres
Year Built
1925
MLS Number
ML82062178
30 Days Snapshot Of 94301
$3.47M
-23%
(avg) sold price
10
0%
homes sold
27
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 3987.00, Max Area Units: Square Feet, Lot is 0.091528925619835 acres
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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