For sale

Price cut: $325K (7/23)

$1,975,000

270 Everett Ave, Palo Alto, CA 94301

3beds

1,922sqft

$12,753/mo

Get pre-qualified

Single Family Residence, Residential

Built in 1931

2,432 Square Feet Lot

$-- Zestimate^®

$1,028/sqft

$-- HOA

What's special

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.

110 days

2,787

56

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Dining room

Features: BreakfastNook

Family room

Features: NoFamilyRoom

Heating

Central Forced Air, Electric, Wall Furnace

Cooling

None

Features

Doors: None

Interior area

Total structure area: 1,922
Total interior livable area: 1,922 sqft

Video & virtual tour

Property

Parking

Total spaces: 1
Parking features: On Street
Garage spaces: 1

Accessibility

Accessibility features: None

Features

Stories: 2

Lot

Size: 2,432 Square Feet

Details

Parcel number: 12025067
Zoning: RM4
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence, Residential

Materials

Foundation: Other
Roof: Tile

Condition

New construction: No
Year built: 1931

Utilities & green energy

Gas: IndividualGasMeters, PublicUtilities
Sewer: Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

Location

Region: Palo Alto

Financial & listing details

Price per square foot: $1,028/sqft
Tax assessed value: $203,796
Annual tax amount: $3,500
Date on market: 4/16/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/23/2026	Price change	$1,975,000-14.1%$1,028/sqft
Source: MLSListings Inc #ML82043360 Report a problem
4/16/2026	Price change	$2,300,000-14.8%$1,197/sqft
Source: MLSListings Inc #ML82043360 Report a problem
3/19/2026	Listed for sale	$2,700,000$1,405/sqft
Source: MLSListings Inc #ML82039336 Report a problem
11/20/2015	Listing removed	$2,350$1/sqft
Source: LeVett Properties Palo Alto Report a problem
11/18/2015	Listed for rent	$2,350$1/sqft
Source: LeVett Properties Palo Alto Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,500 +3.9%	$203,796 +2%
2024	$3,369 +1.6%	$199,800 +2%
2023	$3,315 +1.4%	$195,884 +2%
2022	$3,268 +2%	$192,044 +2%
2021	$3,203 +1.6%	$188,280 +1%
2020	$3,153	$186,350 +2%
2019	$3,153 +3.5%	$182,698 +2%
2018	$3,048	$179,116 +2%
2017	$3,048 +1.8%	$175,604 +2%
2016	$2,993 +4.1%	$172,162 +1.5%
2015	$2,874 +5.6%	$169,576 +2%
2014	$2,723	$166,256 +0.5%
2013	--	$165,506 +2%
2012	--	$162,262 +2%
2011	--	$159,082 +0.8%
2010	--	$157,894 -0.2%
2009	--	$158,270 +2%
2008	--	$155,168 +2%
2007	--	$152,126 +2%
2006	--	$149,144 +2%
2005	--	$146,220 +2%
2004	--	$143,354 +1.9%
2003	--	$140,728 +2%
2002	--	$137,970 +2%
2001	--	$135,266

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: Downtown North

Getting around

93 / 100

Walker's Paradise

58 / 100

Good Transit

100 / 100

Biker's Paradise

Nearby schools

GreatSchools rating

9/10
Addison Elementary School
Grades: K-5Distance: 0.7 mi
9/10
Frank S. Greene Jr. Middle
Grades: 6-8Distance: 1.7 mi
10/10
Palo Alto High School
Grades: 9-12Distance: 0.8 mi

Schools provided by the listing agent

Elementary: AddisonElementary
Middle: DavidStarrJordanMiddle_1
High: PaloAltoHigh
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.