Incredible add-value opportunity! Fourplex in Midtown Palo Alto strategically positioned on 7,607 SF corner lot. THREE UNITS CURRENTLY VACANT! New owner can implement upgrades and achieve immediate upside. Only A¼ mile walk to Cal Train and California Ave with numerous shopping and dining amenities, public events and regular Sunday farmers market. RM-30 Zoning allows for higher density in this district, giving a buyer options to continue to operate this as a 4-plex with good rental income, or redevelop into other housing, such as brand new condos. All 4 units are 1-bedroom / 1-bath apartments. Originally Studios, the bedrooms were converted from garage space. Tenants enjoy 4 driveway and 2 open parking spaces. 102 Colorado Avenue is an excellent investment opportunity for investors, owner-occupiers & developers.
Sold for $1,925,000
$1,925,000
102 Colorado Ave, Palo Alto, CA 94301
4beds
4baths
1,800sqft
Quadruplex, Residential Income
Built in 1953
-- sqft lot
$2,402,900 Zestimate®
$1,069/sqft
$7,056 Estimated rent
Home value
$2,402,900
$2.11M - $2.74M
$7,056/mo
Zestimate® history
Owner options
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$7,056/mo
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$7,056/mo
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$12,291/mo
Est. payment
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$12,291/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Matthew Thomson 01471708 650-515-6555,
Newmark Cornish & Carey 408-727-9600,
Bryan Danforth 01789680 650-274-5227,
Newmark Cornish & Carey
Bought with:
, 02123495
Compass
Jennifer Siem- Oldham, 01325650
Compass
Source: MLSListings Inc,MLS#: ML81946018
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Gas, Wall Furnace
Cooling
- None
Features
- Flooring: Laminate
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
Property
Parking
- Total spaces: 6
- Parking features: Assigned, Parking Area
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 1
Lot
- Size: 7,853 Square Feet
Details
- Parcel number: 13225047
- Zoning: RM3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition, Shingle
Condition
- Year built: 1953
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $1,069/sqft
- Tax assessed value: $1,963,500
- Annual tax amount: $25,956
- Date on market: 10/24/2023
- Listing agreement: ExclusiveAgency
- Inclusions: Building, FixturesandEquipment, Land
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/11/2024 | Price change | $2,650-1.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/4/2024 | Price change | $2,700-1.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/30/2024 | Price change | $2,750-1.8%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2024 | Listed for rent | $2,800$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/29/2023 | Sold | $1,925,000-8.1%$1,069/sqft |
Source:  MLSListings Inc #ML81946018 Report a problem | ||
| 12/20/2023 | Pending sale | $2,095,000$1,164/sqft |
Source: MLSListings Inc #ML81946018 Report a problem | ||
| 10/24/2023 | Listed for sale | $2,095,000$1,164/sqft |
Source: MLSListings Inc #ML81946018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,644 -40.7% | $1,963,500 +2% |
| 2024 | $41,569 +1424.7% | $1,925,000 +1228.4% |
| 2023 | $2,726 +1.5% | $144,906 +2% |
| 2022 | $2,686 +2% | $142,066 +2% |
| 2021 | $2,632 +1.4% | $139,282 +1% |
| 2020 | $2,595 | $137,855 +2% |
| 2019 | $2,595 +3.3% | $135,152 +2% |
| 2018 | $2,512 | $132,503 +2% |
| 2017 | $2,512 +1.8% | $129,906 +2% |
| 2016 | $2,466 +4.2% | $127,360 +1.5% |
| 2015 | $2,366 +6.4% | $125,448 +2% |
| 2014 | $2,223 | $122,992 +0.5% |
| 2013 | -- | $122,437 +2% |
| 2012 | -- | $120,037 +2% |
| 2011 | -- | $117,684 +0.8% |
| 2010 | -- | $116,805 -0.2% |
| 2009 | -- | $117,084 +2% |
| 2008 | -- | $114,789 +2% |
| 2007 | -- | $112,539 +2% |
| 2006 | -- | $110,333 +2% |
| 2005 | -- | $108,170 +2% |
| 2004 | -- | $106,050 +1.9% |
| 2003 | -- | $104,107 +2% |
| 2002 | -- | $102,067 +2% |
| 2001 | -- | $100,066 |
Find assessor info on the county website
Neighborhood: Midtown
Nearby homes
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Nearby schools
GreatSchools rating
- 9/10El Carmelo Elementary SchoolGrades: K-5Distance: 0.5 mi
- 10/10Jane Lathrop Stanford Middle SchoolGrades: 6-8Distance: 1.2 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: PaloAltoUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$2,402,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,402,900
- California
- Santa Clara County
- Palo Alto
- 94301
- Midtown
- 102 Colorado Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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