365 Everett Avenue

Palo Alto, CA 94301

$7,049,000
Price
Beds
8,746 Sq. Ft.
$806 / Sq. Ft.
8,746
Sq. Ft.
$806
per Sq. Ft.

Description

We are proud to present a remarkable investment opportunity at 365 Everett Ave, located in the heart of Downtown Palo Alto, CA. This 11 unit apartment consists of (1) 2-bed,1-bath unit and (10) 1-bed, 1-bath units. Three of the units have been thoughtfully renovated, showcasing premium upgrades including modernized flooring, kitchens, and bathrooms. The building also offers convenient amenities such as storage rooms, dedicated carports and parking spaces, private courtyards for ground-floor tenants,...We are proud to present a remarkable investment opportunity at 365 Everett Ave, located in the heart of Downtown Palo Alto, CA. This 11 unit apartment consists of (1) 2-bed,1-bath unit and (10) 1-bed, 1-bath units. Three of the units have been thoughtfully renovated, showcasing premium upgrades including modernized flooring, kitchens, and bathrooms. The building also offers convenient amenities such as storage rooms, dedicated carports and parking spaces, private courtyards for ground-floor tenants, a private patio for the 2-bed unit, and an on-site laundry facility. With a total of 8,746 square feet of living space situated on a 0.33-acre lot, this property exemplifies pride of ownership. Just steps away from Downtown Palo Alto, the property offers immediate access to acclaimed restaurants, boutique shops, and the iconic Stanford Theater. Its also located less than 1.5 miles from the prestigious Stanford University and the Stanford Shopping Center, placing tenants at the center of it all..

Listing Agents

  1. Ray Rodriguez

    Ray Rodriguez

    Listing Agent

    Compass

    DRE #01999734

    ray.rodriguez@compass.com

    P: (626)-483-5136

  2. Tony Zizzo

    Tony Zizzo

    Alternative Listing Agent

    Compass

    DRE #01962093

    tony.zizzo@compass.com

    P: (408)-772-8661

Property Details for 365 Everett Avenue

MLS City Name
PALO ALTO
Building Type
Other
Garage Spaces
0
Parking Spaces
4
LISTING UPDATED: 11/08/2024 10:05 AM

Property Details for 365 Everett Avenue

StatusActive
MLS #ML81980465
Days on Compass41
Taxes$82,929 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1954
Lot Size0.32 AC / 13,939 SF
CountySanta Clara County

Building Information for 365 Everett Avenue

Stories-Residences-Year Built1954Building Size-Lot Size0.32 AC / 13,939 SF

Property Information for 365 Everett Avenue

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 8746
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Forced Air
  • Meters: Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 11
  • Area Text: Downtown Palo Alto
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 365
  • Street Name: Everett
  • Street Suffix: Avenue
  • Area ID: 242
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 8746
  • Structure SqFt Source: Assessor
  • Age: 70
Development Information
  • Ownership Type: Individual
  • Zoning Detail: RM4
Location Information
  • Parcel Number: 120-14-036
  • 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: Concrete Perimeter
  • Lot Acres: .32
  • 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: 11
General Information
  • Annual Tax Amount: $82,929
  • Capitalization Rate: 3.96
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,500
  • Expense Landscape: $3,600
  • Expense Maintenance: $6,600
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $1,133
  • Expenses Utility: $13,480
  • Expenses Total: $117,242
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor, Other
  • Gross Rent Multiplier: 17.24
  • Income Annual Gross: $396,717
  • Income Annual Rental: $399,300
  • Income Gross Scheduled: $408,987
  • Income Other: $9,687
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,295
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $3,995

Property History for 365 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 365 Everett Avenue

Taxable ValueLand$1,805,391Additions$1,855,894Total$3,661,285
Home Facts
Total Finished SqFt8,746 SqFtAbove Grade Finished SqFt8,746 SqFtStories2Lot Size14,250 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningRM4CountySANTA CLARAAPN120-14-036Fireplace TypeHas Fireplace

Schools near 365 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.

Similar Homes

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365 Everett Avenue is for sale in Palo Alto, CA 94301. This property was listed for sale on September 15, 2024 by Compass, it's currently listed at $7,049,000. It has been on the market for a total of 41 days and was last sold on September 30, 2008. 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. 365 Everett Avenue is a 0-bed, 0-bath, 8,746 sqft built in 1954.

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.