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270 Everett Ave
Palo Alto, CA 94301 Downtown Palo Alto

$2,300,000 USD

Multifamily For Sale  •  1,840 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 1,840 SF
  • Lot Size 0.06 AC
  • Year Built 1931
  • Cap Rate 3.40 %
  • Zoning RM-30
70 Transit Score
80 Walk Score

Highlights

Exceptional downtown Palo Alto location
Upside rent potential
Fully leased building with consistent, strong tenant demand
Well maintained building
Attached one car garage for one unit, private yards for other two
All units with in-unit laundry

Financial Summary (Proforma)

Net Operating Income: $78,567 USD (2026)
Cap Rate: 3.40 %
Total Expenses: $37,893 USD

Amenities

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Crown Molding
  • Hardwood Floors
  • Stainless Steel Appliances
  • Carpet
  • Yard
  • Breakfast Nook
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
1 min 9 min 0.4 mi
4 min - 1.4 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 24 min - 15.9 mi
San Francisco International 30 min - 20.1 mi
Metro Oakland International 42 min - 28.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: OneCarGarage
Included in Rent: Yes
Kelly Griggs 650-464-1965 Coldwell Banker Realty
Kelly Griggs 650-464-1965 Coldwell Banker Realty