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$ 3,100,000
Est. payment /mo
Pending
560 Everett Avenue Palo Alto, CA 94301
5 Beds
2,303 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 2,303 sqft
Price per Sqft $1,346
MLS Listing ID ML82026224
Bedrooms 5
HOA Y/N No
Year Built 1937
Lot Size 9,500 Sqft
Acres 0.22
Property Sub-Type Triplex
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.
Location
State CA
County Santa Clara
Zoning RM4
Interior
Heating Forced Air
Cooling Other
Fireplace No
Building
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 12010027
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Listed by Matthew Thomson • Compass