Palo Alto, CA 94301,560 Everett Avenue
Listed by Matthew Thomson • Compass
Bought with Bryan Danforth • Compass

$3,125,000

$3,100,000

0.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,303 SqFt


SOLD DATE : 11/13/2025

Key Details

Sold Price $3,125,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,303 sqft

Price per Sqft $1,356

MLS Listing ID ML82026224

Sold Date 11/13/25

HOA Y/N No

Year Built 1937

Lot Size 9,500 Sqft

Property Sub-Type Triplex

Source Datashare MLSListings

Property Description

INCREDIBLE DOWNTOWN PALO ALTO FULLY VACANT TRIPLEX! Extremely rare opportunity to acquire a fully vacant triplex in the heart of downtown Palo Alto. Ideal for investors that can immediately renovate and rent units at top market levels, or for owner-occupiers that can make one of the units their dream home while enjoying significant supplemental income from the other tenants. Excellent Unit Mix: (1) Two-Bedroom / One & 1/2 Bath, (1) Two-Bedroom / One Bath and (1) One-Bedroom / One-Bath. Two buildings strategically positioned on oversized 9,500 SF lot (large downtown parcel with favorable R4 zoning - redevelopment potential). Perfect ADU opportunity - garage has laundry room & bathroom ideal for easy ADU conversion. Two large storage sheds are wired with power to use as offices. Second floor 2x1 unit has attractive wrap-around balcony with beautiful views. Garage, driveway & rear alley parking. Irreplaceable location 2 blocks from University Avenue and all the high-end shopping, dining and entertainment amenities of downtown Palo Alto and 1/2 mile from Caltrain (90 "Walker's Paradise and 97 "Biker's Paradise"). Gorgeous mature landscaping throughout the entire property.

Location

State CA

County Santa Clara

Interior

Heating Forced Air

Cooling Other

Fireplace No

Schools

School District Palo Alto Unified, Palo Alto Unified

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East Association of Realtors

GET MORE INFORMATION

Paul LeJoy
Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

Name
Phone*
Message