$3,100,000

560 Everett Avenue, Palo Alto, CA 94301

  • 2,303 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1937
  • Property Lot Size Icon9,500sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $1,346/sqft
  • Property List Date Icon Listed 11 days ago

Property Description

INCREDIBLE DOWNTOWN PALO ALTO FULLY VACANT TRIPLEX! Extremely rare opportunity to acquire a fully vacant triplex in the heart of downtown Palo Alto. Ideal for investors that can immediately renovate and rent units at top market levels, or for owner-occupiers that can make one of the units their dream home while enjoying significant supplemental income from the other tenants. Excellent Unit Mix: (1) Two-Bedroom / One & 1/2 Bath, (1) Two-Bedroom / One Bath and (1) One-Bedroom / One-Bath. Two buildings strategically positioned on oversized 9,500 SF lot (large downtown parcel with favorable R4 zoning - redevelopment potential). Perfect ADU opportunity - garage has laundry room & bathroom ideal for easy ADU conversion. Two large storage sheds are wired with power to use as offices. Second floor 2x1 unit has attractive wrap-around balcony with beautiful views. Garage, driveway & rear alley parking. Irreplaceable location 2 blocks from University Avenue and all the high-end shopping, dining and entertainment amenities of downtown Palo Alto and 1/2 mile from Caltrain (90 "Walker's Paradise and 97 "Biker's Paradise"). Gorgeous mature landscaping throughout the entire property.

Listing Status:
Pending
Date Added:
October 29, 2025 at 05:00AM
Listing Office:
Compass : (415) 874-5000
Listing Agent:
Matthew Thomson : 650-515-6555
MLS ID:
ML82026224
  • A/C:
  • Heating: Central
  • Disability Feature: Parking
  • Parking: Parking spaces: 7
  • Roofing: Flat
  • General: 2Concrete Perimeter
  • Originating MLS: CRMLS_MLSL
  • School District: Palo Alto Unified
  • County: Santa Clara
  • Zoning: RM412010027
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_MLSL

This listing courtesy of Matthew Thomson, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Addison Elementary School

650 Addison Ave, Palo Alto, CA, 94301

Grades KG-5

0.62 miles away

P

Packard Children's Hospital/Stanford

725 Welch Rd, Palo Alto, CA, 94304

Grades KG-12

1.28 miles away

P

Palo Alto High School

50 Embarcadero Rd, Palo Alto, CA, 94301

Grades 9-12

0.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.