311317 Ramona Street, Palo Alto, CA 94301
- $2,998,000
- 3,169
- SqFt
- List Price
- $2,998,000
- Status
- ACTIVE
- MLS#
- ML82062184
- Year Built
- 1963
- Living Sq. Ft
- 3,169
- Lot Size
- 5,100
- Acres
- 0.12
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
Located just a few blocks from University Avenue's dining, shops, and retail, this well-maintained 4-unit multi-family offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. The desirable unit mix consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, totaling 3,169 SF across the building, on a 5,100 SF lot. Each unit benefits from a private yard space or a balcony. 4 garage bays. Built in 1963, the property has recently completed all required SB-721 balcony work as of July 2026, with full clearance and permitting in place. Two units offer in-unit laundry, with the remaining two served by an on-site shared laundry room. The property offers meaningful upside across all four units, with rents currently below market. 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and reflecting strong submarket fundamentals stable cash flow today, plus a clear path to further rent growth. This property can be purchased individually or as a combined 12-unit portfolio with the adjacent 5-unit property at 252-262 Everett Avenue and triplex at 270 Everett. Incredible opportunity!
Additional Information
- Taxes
- $36,957
- Appliances
- Dishwasher, Refrigerator
- Heat
- Central, Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palo Alto Unified
- Elementary School
- Other
- Middle School
- Other
- High School
- Palo Alto
- Attached Structure
- Detached
- Gross Scheduled Income
- $195,420
Listing courtesy of Listing Agent: Kelly Griggs (kelly@mcnairgroup.com) from Listing Office: Coldwell Banker Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.