270 Everett Avenue

Exceptional investment opportunity in the heart of Downtown Palo Alto. Updated three unit building featuring three 1 bedroom, 1 bath units, each with refreshed kitchens and baths plus in-unit laundry for each. Two units enjoy private outdoor patios. One unit includes an attached garage for storage. Fully leased building with consistent, strong tenant demand. Ideally located just steps from downtown dining and shops, and less than a mile from Stanford University, Stanford Hospital and Stanford Shopping Center, plus easy commute to Silicon Valley tech companies. Its unmatched location and consistent tenant appeal make it a compelling choice for investors seeking reliable income and longterm upside in a great downtown Palo Alto location.

Days on Market

1 day

Current Status

Active

Original Price

$2,300,000

List Price

$2,300,000

On Market Date

Apr 16, 2026

Property Type

Single Family Home

Area

242 - Downtown Palo Alto

Zip Code

94301

MLS ID

ML82043360

APN

120-25-067

Year Built

1931

Stories in Building

2

Possession

Tenant Rights

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

3

Parking

1

On Street

SQ FT

1,840

SQ FT Source

Unavailable

Lot SQ FT

2,432.0

Lot Acres

0.055831 Acres

Cooling

None

Dining Room

Breakfast Nook

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Foundation

Other

Heating

Central Forced Air, Electric, Wall Furnace

Possession

Tenant Rights

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.