$3,235,000
SOLD JUN 8, 2026
6 Beds
4 Baths
2,578 Sq Ft
4,356 Sq Ft Lot

Sale Details

Date Sold: June 8, 2026

$1,255 Per Sq Ft

18% Below List Price

112 Days on Market

Highlights

  • Stone Countertops
  • Shed
  • Forced Air Heating System
  • Addison Elementary School Rated A+
  • Sustainable Flooring
  • 4-minute walk to Johnson Park

About This Home

As of June 2026

Fully renovated upscale three-unit apartment building in a prime downtown Palo Alto! Situated on a private, low-traffic street, this turnkey asset offers strong rental appeal just blocks from University Avenue and Stanford University. The property benefits from exceptional walkability, consistent tenant demand, and proximity to major employment and academic hubs, making it an ideal opportunity for stable cash flow and long-term appreciation in one of Silicon Valleys most supply-constrained markets.

Last Agent to Sell the Property

Kathleen Wilson

Compass License #00902501 Listed on: 01/28/2026

Compass

Last Buyer's Agent

Jinsong Guo

BayOne Real Estate Investment Corporation License #01272316

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • Fenced
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Carport Space

Home Design

  • Triplex
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,578 Sq Ft Home
  • 2-Story Property
  • Sustainable Flooring

Kitchen

  • Self-Cleaning Oven
  • Range Hood
  • Dishwasher
  • Stone Countertops
  • Disposal

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $206,400

Community Details

Overview

Building Details

  • Gardener Expense $2,080
  • Insurance Expense $4,000
  • Utility Expense $400
  • Trash Expense $200
  • Operating Expense $54,680
  • Gross Income $165,120

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Zoning: RM4
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2578
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Self Cleaning, Oven Range, Refrigerator
  • Living Sq Ft: 2578
  • Stories: 2
  • Flooring: Sustainable Materials

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Rolled Composition
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Fenced, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 1

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 327

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4250.00

Rental Info

  • Gross Rent Multiplier: 16.41

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4000
  • Expense Landscape: 2080
  • Expenses Total: 54680
  • Expenses Utility: 400
  • Expense Trash: 200
  • Income Annual Gross: 165120.00
  • Income Annual Rental: 206400
  • Income Gross Scheduled: 206400
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Laundry, Services - Gardener, Services - Sewer, Utilities - Electric, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Water
  • Vacancy Factor: 20

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2026
Closed on
Jun 1, 2026
Sold by
Bought by
Seller's Agent
Kathleen Wilson
Compass
Buyer's Agent
Jinsong Guo
BayOne Real Estate Investment Corporation
List Price
$3,950,000
Sold Price
$3,235,000
Premium/Discount to List
-$715,000
-18.1%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,235,000
Outstanding Balance
$2,232,932
Interest Rate
6.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$955,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2004
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
Grant Deed $3,235,000 Chicago Title
Quit Claim Deed -- None Available
Grant Deed -- Old Republic Title Company
Interfamily Deed Transfer -- --
Source: Public Records

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
Open $2,235,000 New Conventional
Previous Owner $955,500 Purchase Money Mortgage
Previous Owner $500,000 Unknown
Source: Public Records

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
06/08/2026 06/08/26 Sold $3,235,000 -4.5% $1,255 / Sq Ft
05/20/2026 05/20/26 Pending -- -- --
05/06/2026 05/06/26 Price Changed $3,388,000 -5.6% $1,314 / Sq Ft
03/12/2026 03/12/26 Price Changed $3,588,000 -9.2% $1,392 / Sq Ft
01/28/2026 01/28/26 For Sale $3,950,000 -- $1,532 / Sq Ft
Source: MLSListings

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
2026 $23,461 $1,902,680 $1,254,518 $648,162
2025 $23,461 $1,865,373 $1,229,920 $635,453
2024 $22,507 $1,828,798 $1,205,804 $622,994
2023 $22,175 $1,792,940 $1,182,161 $610,779
2022 $21,916 $1,757,785 $1,158,982 $598,803
2021 $21,485 $1,723,319 $1,136,257 $587,062
2020 $21,047 $1,705,650 $1,124,607 $581,043
2019 $20,813 $1,672,206 $1,102,556 $569,650
2018 $20,248 $1,639,419 $1,080,938 $558,481
2017 $19,893 $1,607,275 $1,059,744 $547,531
2016 $19,371 $1,575,761 $1,038,965 $536,796
2015 $19,181 $1,552,092 $1,023,359 $528,733
2014 $18,767 $1,521,689 $1,003,313 $518,376
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82029778

MLSListings

APN: 120-10-025

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