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$ 3,995,000
Est. payment /mo
Active
301 College Avenue Palo Alto, CA 94306
8 Beds
4,290 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,290 sqft
Price per Sqft $931
MLS Listing ID ML82064694
Bedrooms 8
HOA Y/N No
Year Built 1968
Lot Size 6,575 Sqft
Property Sub-Type Triplex
Property Description
Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,290 sf of living space across three substantial residences. The front residence is the largest, a two-story 3-bedroom, 2.5-bath home with generous living areas and laminate flooring. The middle residence offers 3 bedrooms and 2 baths on one level, while the private rear two-story 2-bedroom, 2-bath residence features its own patio and direct access to covered carport parking. Each unit offers unusually spacious rooms and a level of livability rarely found in a three-unit property. Additional amenities include six covered carport spaces, storage, and shared laundry. Ideally located near Stanford University, California Avenue shopping and dining, Caltrain, and major Silicon Valley employment centers, the property offers an exceptional combination of location, size, and long-term potential. Current rents are below market providing future income-growth potential. This is a unique opportunity for an investor or future owner-occupant seeking in-place income, long-term rental upside, and a substantial multifamily property in one of Palo Altos most desirable neighborhoods.
Location
State CA
County Santa Clara
Zoning RM3T
Interior
Heating Forced Air
Cooling Central Air
Flooring Laminate
Fireplace No
Window Features Double Pane Windows
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 12428016
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Listed by Golden Gate Sotheby's International Realty