Bought with Nan Zhou • Agents Realty and Finance
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Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,448 sqft
Price per Sqft $1,102
MLS Listing ID ML82008662
Style Cottage
Bedrooms 3
Full Baths 3
Half Baths 1
Year Built 1910
Lot Size 5,000 Sqft
Property Sub-Type Triplex
Property Description
Just blocks from the heart of downtown Palo Alto, this well-maintained triplex offers a rare chance to build long-term wealth in one of the country's most desirable cities. The property includes three distinct units: a 1-bedroom/1-bath, a 2-bedroom/1.5-bath two-story, and a studio with a full bath, each offering its own appeal. The two larger units feature updated kitchens, while the studio provides an updated kitchenette and an efficient layout ideal for additional income. Whether you're an investor looking for strong cash flow, a savvy buyer planning to live in one unit while renting the others, or a first-time investor ready to get into the market, this property delivers outstanding flexibility and value. With University Avenue, Stanford, top-ranked schools, world-class dining and shopping, and major employers all nearby, this location checks all the boxes: immediate income, long-term upside, and endless potential.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning DHS
Rooms
Other Rooms Storage
Kitchen Other
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Hardwood, Laminate
Laundry Washer / Dryer, Washer/Dryer - Some Units
Exterior
Exterior Feature Back Yard
Parking Features Off-Street Parking, On Street
Utilities Available Public Utilities
View None
Roof Type Shingle
Building
Lot Description Grade - Mostly Level
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public, Sewer in Street
Water Water On Site
Others
Special Listing Condition Not Applicable
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