252-262 Everett AVE, Palo Alto, CA 94301
- $3,098,000
- 3,540
- SqFt
- 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!
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
Listing courtesy of Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty
Mortgage Calculator
Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved