NOT LISTED FOR SALE

517 Everett Ave Palo Alto, CA 94301

Downtown North Neighborhood
4 Beds
4 Baths
2,180 Sq Ft
5,075 Sq Ft Lot

Last Sold May 21, 2021

Last sale price $2,750,000 $1,261 Per Sq Ft

64 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Back Yard
  • Addison Elementary School Rated A+
  • Floor Furnace
  • 2-minute walk to Johnson Park

About This Home

As of May 2021

A rare opportunity to own a 4-plex nestled in the soul of Downtown Palo Alto. Located on a generous lot in a quiet, tree spotted neighborhood, this home provides refuge from the hustle and bustle of city life while simultaneously offering quick access to University Avenue, Johnson Park and popular shopping centers. Close proximity to Stanford University and top tech companies like Google, Microsoft, Facebook and Apple make this a no-brainer location for a large variety of prospective residents. The home has a proven track record of rentability, with many tenants staying for multiple years. So whether you're looking to rent out as-is or renovate, this 4-plex is an ideal opportunity for any savvy investor!

Last Agent to Sell the Property

Alex Wang

Rainmaker Real Estate License #01351503 Listed on: 02/05/2021

Last Buyer's Agent

Fling Yang & Assoc

Coldwell Banker Realty License #70010082

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1908

Lot Details

  • 5,075 Sq Ft Lot
  • Back Yard

Parking

  • 3 Car Detached Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,180 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Kitchen

  • Gas Cooktop
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Floor Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $89,340

Community Details

Overview

Building Details

  • Insurance Expense $1,750
  • Maintenance Expense $570
  • Utility Expense $4,800
  • Trash Expense $1,001
  • Operating Expense $10,174
  • Gross Income $89,340

Property Details

Home Type

Multi-Family

Year Built

1908

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM4
  • Subclass: Multiple Dwellings / Structures
  • Age: 113
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2180
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Interior Features

  • Kitchen: Cooktop - Gas, Microwave
  • Living Sq Ft: 2180
  • Stories: 2
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Floor Furnace, Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: Addison Elementary
  • Middle School: Frank S. Greene Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 309
  • Middle School: 329

Lot Info

  • Lot Acres: 0.1165
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5076.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5076.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 31.32

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1750
  • Expense Maintenance: 570
  • Expenses Total: 10174
  • Expenses Utility: 4800
  • Expense Trash: 1001
  • Income Annual Gross: 89340.00
  • Income Annual Rental: 89340
  • Income Gross Scheduled: 89340
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/21/2021 05/21/21 Sold $2,750,000 -1.7% $1,261 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
03/08/2021 03/08/21 Price Changed $2,798,000 -6.7% $1,283 / Sq Ft
02/05/2021 02/05/21 For Sale $2,998,000 -- $1,375 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alex Wang

    Seller's Agent in 2021

    Alex Wang

    Rainmaker Real Estate

    (650) 800-8840

    2 in this area

    182 Total Sales

    Alex Wang
    Section Image

  • F

    Buyer's Agent in 2021

    Fling Yang & Assoc

    Coldwell Banker Realty

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81828613

MLSListings

APN: 120-02-049

California Santa Clara County Palo Alto 94301 Downtown North

517 Everett Ave, Palo Alto, CA

This home is located at 517 Everett Ave, Palo Alto, CA 94301 since 05 February 2021. This property was built in 1908. 517 Everett Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes