301 College Avenue, Palo Alto, CA 94306

$3,995,000
4,290
SqFt

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List Price
$3,995,000
Status
ACTIVE
MLS#
ML82064694
Year Built
1968
Living Sq. Ft
4,290
Lot Size
6,575
Acres
0.15
Days on Market
1
Property Type
Multifamily
Property Sub Type
Triplex

Property Description

Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,350 sf of living space across three substantial residences. The front residence is the largest, a two-story 3-bedroom, 2.5-bath home with generous living areas and laminate flooring. The middle residence offers 3 bedrooms and 2 baths on one level, while the private rear two-story 2-bedroom, 2-bath residence features its own patio and direct access to covered carport parking. Each unit offers unusually spacious rooms and a level of livability rarely found in a three-unit property. Additional amenities include six covered carport spaces, storage, and shared laundry. Ideally located near Stanford University, California Avenue shopping and dining, Caltrain, and major Silicon Valley employment centers, the property offers an exceptional combination of location, size, and long-term potential. Current rents are below market providing future income-growth potential. This is a unique opportunity for an investor or future owner-occupant seeking in-place income, long-term rental upside, and a substantial multifamily property in one of Palo Altos most desirable neighborhoods.

Additional Information

Taxes
$3,585
Appliances
Double Oven, Dishwasher, Electric Cooktop, Disposal, Refrigerator, Vented Exhaust Fan
Cooling
Yes
Cooling Description
Gas
Roof
Composition
Sewer
Public Sewer
Water
Public
School District
Palo Alto Unified
Elementary School
Other
Middle School
Other
High School
Palo Alto
Attached Structure
Detached
Gross Scheduled Income
$149,100

Listing courtesy of Listing Agent: Bouja & Swenson G... (boujaswenson@ggsir.com) from Listing Office: Golden Gate Sotheby's International Realty.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.