560 Everett AVE, Palo Alto, CA 94301
- $3,125,000
- 5
- BD
- 2,303
- SqFt
Listed by Matthew Thomson, 650-515-6555 from Compass
(If provided) CoList: Bryan Danforth from Compass
Sold listing courtesy of Bryan Danforth from APR
- Sold Price
- $3,125,000
- List Price
- $3,100,000
- Closing Date
- Nov 13, 2025
- MLS#
- ML82026224
- Status
- SOLD
- Zoning
- RM4
- Sqft. of Residence
- 2,303
- Lot Size
- 9,500
- Listing Area
- Downtown Palo Alto
Property Description
INCREDIBLE DOWNTOWN PALO ALTO FULLY VACANT TRIPLEX! Extremely rare opportunity to acquire a fully vacant triplex in the heart of downtown Palo Alto. Ideal for investors that can immediately renovate and rent units at top market levels, or for owner-occupiers that can make one of the units their dream home while enjoying significant supplemental income from the other tenants. Excellent Unit Mix: (1) Two-Bedroom / One & 1/2 Bath, (1) Two-Bedroom / One Bath and (1) One-Bedroom / One-Bath. Two buildings strategically positioned on oversized 9,500 SF lot (large downtown parcel with favorable R4 zoning - redevelopment potential). Perfect ADU opportunity - garage has laundry room & bathroom ideal for easy ADU conversion. Two large storage sheds are wired with power to use as offices. Second floor 2x1 unit has attractive wrap-around balcony with beautiful views. Garage, driveway & rear alley parking. Irreplaceable location 2 blocks from University Avenue and all the high-end shopping, dining and entertainment amenities of downtown Palo Alto and 1/2 mile from Caltrain (90 "Walker's Paradise and 97 "Biker's Paradise"). Gorgeous mature landscaping throughout the entire property.
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Additional Information
- Acres
- 0.22
- Age
- 88
- Cooling System
- Other
- Foundation
- Concrete Perimeter
- Garage Parking
- Detached Garage, Parking Area
- Heating System
- Central Forced Air
- Living Area
- 2,303
- Lot Size
- 9,500
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM4
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