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Listed by Kelly Griggs • Coldwell Banker Realty
$2,998,000
Est. payment /mo
3,169 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,169 sqft
Price per Sqft $946
MLS Listing ID ML82062184
HOA Y/N No
Year Built 1963
Lot Size 5,100 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Located just a few blocks from University Avenue's dining, shops, and retail, this well-maintained 4-unit multi-family offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. The desirable unit mix consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, totaling 3,169 SF across the building, on a 5,100 SF lot. Each unit benefits from a private yard space or a balcony. 4 garage bays. Built in 1963, the property has recently completed all required SB-721 balcony work as of July 2026, with full clearance and permitting in place. Two units offer in-unit laundry, with the remaining two served by an on-site shared laundry room. The property offers meaningful upside across all four units, with rents currently below market. 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and reflecting strong submarket fundamentals, stable cash flow today, plus a clear path to further rent growth. This property can be purchased individually or as a combined 12-unit portfolio with the adjacent 5-unit property at 252-262 Everett Avenue and triplex at 270 Everett. Incredible opportunity!
Location
State CA
County Santa Clara
Interior
Heating Forced Air, Wall Furnace
Cooling No Air Conditioning
Flooring Hardwood, Laminate
Fireplace No
Laundry Coin Operated
Building
Water Public
Schools
School District Palo Alto Unified, Palo Alto Unified
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