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270 Everett Ave 3 Unit Apartment Building Offered at $2,300,000 at a 3.40% Cap Rate Palo Alto, CA 94301
Investment Highlights
- Exceptional downtown Palo Alto location
- Fully leased building with consistent, strong tenant demand
- Attached one car garage for one unit, private yards for other two
- Upside rent potential
- Well maintained building
- All units with in-unit laundry
Executive Summary
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. Some upside potential rents. 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.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$116,460
|
$63.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,460
|
$63.29
|
| Taxes |
$28,593
|
$15.54
|
| Operating Expenses |
$9,300
|
$5.05
|
| Total Expenses |
$37,893
|
$20.59
|
| Net Operating Income |
$78,567
|
$42.70
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $116,460 |
| Annual Per SF | $63.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $116,460 |
| Annual Per SF | $63.29 |
| Taxes | |
|---|---|
| Annual | $28,593 |
| Annual Per SF | $15.54 |
| Operating Expenses | |
|---|---|
| Annual | $9,300 |
| Annual Per SF | $5.05 |
| Total Expenses | |
|---|---|
| Annual | $37,893 |
| Annual Per SF | $20.59 |
| Net Operating Income | |
|---|---|
| Annual | $78,567 |
| Annual Per SF | $42.70 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Washer/Dryer
- Heating
- Crown Molding
- Hardwood Floors
- Stainless Steel Appliances
- Carpet
- Yard
- Breakfast Nook
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,925 | 460 - 890 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 120-25-067 | Total Assessment | $203,796 (2025) |
| Land Assessment | $101,898 (2025) | Annual Taxes | $28,593 ($15.54/SF) |
| Improvements Assessment | $101,898 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
120-25-067
Land Assessment
$101,898 (2025)
Improvements Assessment
$101,898 (2025)
Total Assessment
$203,796 (2025)
Annual Taxes
$28,593 ($15.54/SF)
Tax Year
2026
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