252-262 Everett AVE, Palo Alto, CA 94301
- $3,098,000
- 3,540
- SqFt
Listed by Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty
- List Price
- $3,098,000
- MLS#
- ML82062178
- Status
- ACTIVE
- Sqft. of Residence
- 3,540
- Lot Size
- 3,987
- Listing Area
- Downtown Palo Alto
- Year Built
- 1925
Property Description
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 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!
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Additional Information
- Amenities
- Other
- Cooling System
- Window / Wall Unit
- Floor Covering
- Laminate
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Attached Garage, On Street, Tandem Parking, Uncovered Parking
- Heating System
- Electric, Forced Air
- Laundry Facilities
- Washer / Dryer
- Living Area
- 3,540
- Lot Size
- 3,987
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Individual Electric Meters, Public Utilities
- Roof
- Flat / Low Pitch, Tile
- Sewer
- Sewer - Public
- Zoning
- RM4
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