$13,888,000

231 Churchill Ave Palo Alto, CA 94301

Old Palo Alto Neighborhood

Estimated payment $90,326/month

Total Views 780
8 Beds
4 Baths
4,474 Sq Ft
$3,104 Price per Sq Ft

Highlights

  • 0.46 Acre Lot
  • Walter Hays Elementary Rated A+
  • Forced Air Heating System

About This Home

Rare opportunity to own a special property on a large lot in prestigious Old Palo Alto. The property features 4 cottages on an expansive flat 20,000 sq ft lot with mature trees. Each home has 2 bedrooms and 1 bath, outdoor private and fenced space and detached garages. This property gives you steady income while exploring its full of opportunites. Top rated Palo Alto Schools. Nearby Gamble Gardens, Rinconada Park, Town & Country Village, Palo Alto High School, Tech companies, Stanford University, Stanford Mall, Stanford Hospital, Downtown Palo Alto, California Ave. shopping district with easy access to major highways. Buyer to verify with City for development guidelines, schools and square footage.

Listing Agent

Vivian Jiang

Maxreal License #01380838 Listed on: 07/07/2025

Maxreal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $160,835

Year Built

  • 1941

Parking

  • 5 Car Garage

Home Design

  • 4,474 Sq Ft Home
  • Slab Foundation
  • Shingle Roof

Additional Features

  • 0.46 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

Community Details

Overview

  • 4,474 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $4,200
  • Insurance Expense $3,078
  • Maintenance Expense $5,000
  • Manager Expense $8,000
  • Utility Expense $3,900
  • Operating Expense $24,178
  • Gross Income $175,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$160,835

Year Built

1941

Lot Details

0

Parking

5

Listing Details

  • Zoning: r1b1
  • Subclass: Multiple Dwellings / Structures
  • Age: 84
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4474
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Living Sq Ft: 4474

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.4591
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 79.27
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3078
  • Expense Landscape: 4200
  • Expense Maintenance: 5000
  • Expense Management: 8000
  • Expenses Total: 24178
  • Expenses Utility: 3900
  • Income Annual Gross: 175200.00
  • Income Annual Rental: 175200
  • Income Gross Scheduled: 175200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Maintenance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Rent Only, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $160,835 $13,609,331 $13,252,366 $356,965
2023 $158,491 $13,342,482 $12,992,516 $349,966
2022 $156,701 $13,080,865 $12,737,761 $343,104
2021 $153,622 $12,824,378 $12,488,001 $336,377
2020 $150,372 $12,692,880 $12,359,952 $332,928
2019 $148,741 $12,444,000 $12,117,600 $326,400
2018 $144,562 $12,200,000 $11,880,000 $320,000
2017 $3,659 $232,276 $97,124 $135,152
2016 $3,558 $227,722 $95,220 $132,502
2015 $3,516 $224,302 $93,790 $130,512
2014 -- $219,909 $91,953 $127,956
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $13,888,000 +13.8% $3,104 / Sq Ft
12/05/2017 12/05/17 Sold $12,200,000 -4.7% $11,091 / Sq Ft
10/02/2017 10/02/17 Pending -- -- --
09/14/2017 09/14/17 For Sale $12,800,000 -- $11,636 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $12,200,000 Chicago Title Company
Source: Public Records

Source: MLSListings

MLS Number: ML82013668

MLSListings

APN: 124-16-025

California Santa Clara County Palo Alto 94301 Old Palo Alto

231 Churchill Ave, Palo Alto, CA

This home is located at 231 Churchill Ave, Palo Alto, CA 94301 and is currently priced at $13,888,000, approximately $3,104 per square foot. This property was built in 1941. 231 Churchill Ave is a home located in Santa Clara County with nearby schools including Walter Hays Elementary, Frank S. Greene Jr. Middle, and Palo Alto High School.

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Listing Agent
Vivian Jiang
Section Image
Maxreal
(650) 394-2779