183 Everett Avenue

Palo Alto, CA 94301

$2,950,000
Price
Beds
1,335 Sq. Ft.
$2,210 / Sq. Ft.
1,335
Sq. Ft.
$2,210
per Sq. Ft.

Description

The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 183 Everett Ave, located in the dynamic and highly sought-after heart of Downtown Palo Alto. This exceptional triplex, with the potential for an ADU, is a true standoutoffering investors the rare chance to acquire a prime piece of real estate in one of the most vibrant cities in Silicon Valley. The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit,...The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 183 Everett Ave, located in the dynamic and highly sought-after heart of Downtown Palo Alto. This exceptional triplex, with the potential for an ADU, is a true standoutoffering investors the rare chance to acquire a prime piece of real estate in one of the most vibrant cities in Silicon Valley. The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit, one studio, and a potential 1-bed, 1-bath ADU. All units have been thoughtfully upgraded with modern kitchens, baths, and flooring, along with in-unit washers and dryers. With 1,335 square feet of living space on a 0.07-acre lot in Downtown Palo Alto, the opportunities for growth and value appreciation are significant. What sets 183 Everett Ave apart is its unbeatable location. Situated just steps from the bustling core of Downtown Palo Alto, residents will enjoy easy access to renowned restaurants trendy boutiques, and the historic Stanford Theater. Additionally, the property is less than a mile from the prestigious Stanford University and the premier Stanford Shopping Center. **Income includes estimated income for ADU**

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: 408.772.8661

Property Details for 183 Everett Avenue

MLS City Name
PALO ALTO
Building Type
TRIPLEX
Garage Spaces
1
Parking Spaces
0
LISTING UPDATED: 09/17/2024 06:49 PM

Property Details for 183 Everett Avenue

StatusActive
MLS #ML81980477
Days on Compass2
Taxes$34,701 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1905
Lot Size0.06 AC / 2,614 SF
CountySanta Clara County

Building Information for 183 Everett Avenue

Stories1Residences3Year Built1905Building Size-Lot Size0.06 AC / 2,614 SF

Property Information for 183 Everett Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 1335
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Common Area
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Downtown Palo Alto
  • Roof: Shingle
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 183
  • Street Name: Everett
  • Street Suffix: Avenue
  • Area ID: 242
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 1335
  • Structure SqFt Source: Assessor
  • Age: 119
Development Information
  • Zoning Detail: RM2
Location Information
  • Parcel Number: 120-25-039
  • County Name: Santa Clara
  • City Name: PALO ALTO
  • City Postal ID: 46
  • Postal Code: 94301
  • Elementary School District: 481
  • High School District Text: Palo Alto Unified
Lot Information
  • Foundation: Other
  • Horse Property: No
  • Lot Acres: .06
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $34,701
  • Building Unit Total: 3
  • Capitalization Rate: 2.53
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Income Includes: Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,800
  • Expense Landscape: $1,600
  • Expense Maintenance: $1,800
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $1,016
  • Expenses Utility: $8,096
  • Expenses Total: $50,013
  • Operating Expenses Include: Utilities - Electric, Utilities - Gas
  • Gross Rent Multiplier: 22.97
  • Income Annual Gross: $124,577
  • Income Annual Rental: $124,800
  • Income Gross Scheduled: $128,430
  • Income Other: $3,630
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,350
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,600
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $2,350
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,600

Property History for 183 Everett Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 183 Everett Avenue

Taxable ValueLand$2,040,000Additions$204,000Total$2,244,000
Tax Record2023$25,560 ($2,130 / month)
Home Facts
Total Finished SqFt1,335 SqFtAbove Grade Finished SqFt1,335 SqFtStories1Lot Size2,813 SqFtStyleQuadraplexYear Built1905ZoningRM2CountySANTA CLARAAPN120-25-039Fireplace TypeHas Fireplace

Schools near 183 Everett Avenue

This home is within Palo Alto Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Addison Elementary School
PublicK to 5

Frank S. Greene Jr. Middle
Public6 to 8

Palo Alto High School
Public9 to 12

Ohlone Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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183 Everett Avenue is a multi-family home for sale in Palo Alto, CA 94301. This property was listed for sale on September 16, 2024 by Compass, it's currently listed at $2,950,000. It has been on the market for a total of 2 days and was last sold on January 24, 2023. This listing's school district is Palo Alto Unified School District. Nearby schools include Addison Elementary School, Frank S. Greene Jr. Middle and Palo Alto High School. 183 Everett Avenue is a 0-bed, 0-bath, 1,335 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Ray Rodriguez, DRE #01999734; Compass, Tony Zizzo, DRE #01962093

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.