500 Palo Alto Avenue, PALO ALTO, CA 94301

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500 Palo Alto Avenue, PALO ALTO, CA 94301

$4,800,000 (Active Under Contract)

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Listed by: Matthew Thomson - Compass

$$4,800,000

Active Under Contract

est.$4,800,000/month.

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beds. baths. 6,442 Sqft.

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Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

500 Palo Alto Avenue, PALO ALTO, CA 94301

$4,800,000

Active Under Contract

est.$4,800,000/month.

Start My Approval

beds baths 6,442 Sq.ft.

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Property details for 500 Palo Alto Avenue, PALO ALTO, CA 94301

True trophy asset in irreplacable downtown Palo Alto location. Excellent Unit Mix: (6) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath Units. Numerous recent upgrades including interior updates to at least half of the units with updated kitchen countertops and bathrooms. Beautiful pool and courtyard area. Solid in-place rents with plenty of upside potential through additional unit renovations. Forced Air Heating in every unit, many furnaces replaced in the past few years. Recent replacement of water heaters (2023+2025). All copper plumbing. New composition shingle roof installed in 2010. Garage parking for all tenants. Laundry facility on-site. Add 2 ADUs. Convert the garage parking into two new ADU units to add income and value. Incredible location in one of the most prestigious and supply-constrained submarkets of Silicon Valley walking distance to all the shopping, dining & entertainment amenities on University Avenue. The property benefits from its proximity to downtown Palo Alto, Stanford University, and top employers such as Google, Meta, and Palantir, making it highly attractive to both residents and investors. Demand for quality housing in this submarket remains consistently strong due to limited new development and exceptionally high barriers to entry.

Broker details: Compass

Listed by: Matthew Thomson
Co-listing Broker: Compass
Co-listing Agent: Bryan Danforth

Property Description

MLS Information

Listing: ML82017965
Listing Last Modified: 2025-12-02

Property Details

Standard Status: Active Under Contract
Built in: 1958

Geographic Data

County: Santa Clara

Features

Interior Features

Living area: 6442

Exterior Features

Roof type: Composition
Pool: In Ground
Foundation: Concrete Perimeter

Parking

Garage spaces: 8

Utilities

Sewer: Public Sewer
Water: Public
Heating: Forced Air

Property Information

Tax Information

Tax Annual Amount: $57,482

Rossetti Realty Inc.

500 Palo Alto Avenue, PALO ALTO, CA 94301