270 Everett Ave Palo Alto, CA 94301
Downtown North NeighborhoodEstimated payment $11,137/month
About This Home
Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.
Property Details
Home Type
- Multi-Family
Year Built
- 1931
Parking
- 1 Car Garage
- On-Street Parking
Home Design
- Triplex
- Tile Roof
Interior Spaces
- 1,922 Sq Ft Home
- 2-Story Property
Utilities
- Forced Air Heating System
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
Building Details
- 3 Leased Units
- Insurance Expense $6,014
- Maintenance Expense $1,500
- Utility Expense $9,500
- Operating Expense $41,715
- Gross Income $110,872
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,500 | $203,796 | $101,898 | $101,898 |
| 2024 | $3,369 | $199,800 | $99,900 | $99,900 |
| 2023 | $3,315 | $195,884 | $97,942 | $97,942 |
| 2022 | $3,268 | $192,044 | $96,022 | $96,022 |
| 2021 | $3,203 | $188,280 | $94,140 | $94,140 |
| 2020 | $3,153 | $186,350 | $93,175 | $93,175 |
| 2019 | $3,114 | $182,698 | $91,349 | $91,349 |
| 2018 | $3,048 | $179,116 | $89,558 | $89,558 |
| 2017 | $2,993 | $175,604 | $87,802 | $87,802 |
| 2016 | $2,909 | $172,162 | $86,081 | $86,081 |
| 2015 | $2,874 | $169,576 | $84,788 | $84,788 |
| 2014 | $2,723 | $166,256 | $83,128 | $83,128 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/23/2026 07/23/26 | Price Changed | $1,975,000 | -14.1% | $1,028 / Sq Ft |
| 04/16/2026 04/16/26 | Price Changed | $2,300,000 | -14.8% | $1,197 / Sq Ft |
| 03/19/2026 03/19/26 | For Sale | $2,700,000 | -- | $1,405 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $822,500 | New Conventional | |
| Previous Owner | $822,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $822,500 | Unknown | |
| Previous Owner | $450,000 | Stand Alone First |
Source: MLSListings
MLS Number: ML82039336
APN: 120-25-067
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