CA
Santa Clara
PALO ALTO
94301
500 Palo Alto Avenue
500 Palo Alto Avenue, PALO ALTO, CA 94301
Share Listing
Listing Type
Multi Family
Listing Status
contingent
21
$4,800,000

Home Details for 500 Palo Alto Avenue

Price
$4,800,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
6442
Year built
1958
Lot size acres
0.287
County
Santa Clara
Garage
8
Days on site
34
MLS Listing#
ML82017965
Listed By: Compass - 415-874-5000
Presented by: Matthew Thomson
Property Description

True trophy asset in irreplacable downtown Palo Alto location. Excellent Unit Mix: (6) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath Units. Numerous recent upgrades including interior updates to at least half of the units with updated kitchen countertops and bathrooms. Beautiful pool and courtyard area. Solid in-place rents with plenty of upside potential through additional unit renovations. Forced Air Heating in every unit, many furnaces replaced in the past few years. Recent replacement of water heaters (2023+2025). All copper plumbing. New composition shingle roof installed in 2010. Garage parking for all tenants. Laundry facility on-site. Add 2 ADUs. Convert the garage parking into two new ADU units to add income and value. Incredible location in one of the most prestigious and supply-constrained submarkets of Silicon Valley walking distance to all the shopping, dining & entertainment amenities on University Avenue. The property benefits from its proximity to downtown Palo Alto, Stanford University, and top employers such as Google, Meta, and Palantir, making it highly attractive to both residents and investors. Demand for quality housing in this submarket remains consistently strong due to limited new development and exceptionally high barriers to entry.

Property Features
  • Parking
    • Attached
    • Tandem
  • Cooling Information
    • None
  • Heating Information
    • Forced Air
  • Water Features
    • Public
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-09-08 18:15:54
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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