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$3,098,000

252262 Everett Avenue

Palo Alto, CA 94301

Active

1925

Year Built

Santa Clara

County

CommercialSale

Property Type

About this home

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 1-bed 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!

Listed by Kelly Griggs · DRE #01812313 · Coldwell Banker Realty

MLS #1191259735

ListedSep 22, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofFlat, Tile

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingWall Window Units

HeatingElectric, Forced Air, Wall Furnace

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total2

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.09 ac

Lot FeaturesN/A

ViewN/A

DirectionsCorner of Ramona and Everett Cross Street: Ramona

Community

Area699 - Not Defined

School DistrictPalo Alto Unified

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$16,489/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:15 PM

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