$2,798,888
PENDING $200K PRICE DROP

250 Fernando Ave Palo Alto, CA 94306

Ventura Neighborhood

Estimated payment $18,050/month

Total Views 10,050
3 Beds
3 Baths
2,799 Sq Ft
$1,000 Price per Sq Ft

Highlights

  • Ceiling Fan
  • Barron Park Elementary School Rated A+
  • 2-minute walk to Boulware Park

About This Home

Welcome to 240-260 Fernando Ave, a rare and versatile three-unit property ideally situated in one of Palo Alto's most desirable neighborhoods. Nestled on a tree-lined street, this triplex offers a unique opportunity for investors, extended families or those seeking rental income while living in one of the units. All 3 individual buildings consist of 1 bedrooms, 1 bathroom, 933 SqFt, their own private entrances, comfortable living spaces, and abundant natural light. Updated kitchens, hardwood floors, and charming mid-century details create a warm and inviting atmosphere throughout. Gather around the cozy fireplace, perfect for relaxing evenings and chilly days. These units include a practical laundry area, offering convenience for day-to-day chores. Additionally, the ceiling fan ensures effective cooling, while the wall furnace provides efficient heating during colder months. The property sits on a generous minimum lot size of 7,875 sq ft, providing ample space for outdoor activities and potential landscaping projects. Don't miss the opportunity to own this lovely residence in Palo Alto!

Listing Agent

Michael Camarena

Intempus Realty License #02086938 Listed on: 05/23/2025

Co-Listing Agent

Eugene Korsunsky

Intempus Realty License #01795317

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Foam Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,799 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector

Additional Features

  • 7,876 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Renewal Option

Community Details

Overview

  • 2,799 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $2,400
  • Maintenance Expense $788
  • Manager Expense $6,192
  • Operating Expense $43,811
  • Gross Income $102,168

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: R1
  • Subclass: Multiple Dwellings / Structures
  • Age: 77
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2799
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 2799
  • Security: Fire Alarm

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Foam

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified

Lot Info

  • Lot Acres: 0.1808
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7875.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7875.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Renewal Option, Security Deposit
  • Gross Rent Multiplier: 27.12
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Landscape: 2400
  • Expense Maintenance: 788
  • Expense Management: 6192
  • Expenses Total: 43811
  • Income Annual Gross: 102168.00
  • Income Annual Rental: 103200
  • Income Gross Scheduled: 103200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 1

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

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Pending -- -- --
07/21/2025 07/21/25 Price Changed $2,798,888 -6.7% $1,000 / Sq Ft
05/23/2025 05/23/25 For Sale $2,998,888 -- $1,071 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML82008201

MLSListings

APN: 132-33-027

California Santa Clara County Palo Alto 94306 Ventura

250 Fernando Ave, Palo Alto, CA

This home is located at 250 Fernando Ave, Palo Alto, CA 94306 and is currently priced at $2,798,888, approximately $999 per square foot. This property was built in 1948. 250 Fernando Ave is a home located in Santa Clara County with nearby schools including Barron Park Elementary School, Ellen Fletcher Middle, and Henry M. Gunn High School.

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Michael Camarena
Listing Agent
Michael Camarena
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Intempus Realty
(650) 719-5698