This outstanding multifamily income property sits in the quiet, residential neighborhood of Palo Alto Orchards, in South Palo Alto. This highly desirable property is just blocks to shopping, restaurants, parks, and schools, and is within the boundaries of the top Palo Alto Unified School District. The building consists of six units, currently made up of a combination of four two-bedroom, and two one-bedroom floor plans. The property has been owed by one owner since 1978 and has been very well maintained. Investors, owner-users, and developers alike will see a great opportunity given the potential upside in rents, the central and convenient location close to Stanford University, the high tech companies of Silicon Valley, and access to top Palo Alto Schools.
Sold for $3,100,000
$3,100,000
4211 McKellar Ln, Palo Alto, CA 94306
--beds
0baths
4,266sqft
MultiFamily
Built in 1962
-- sqft lot
$-- Zestimate®
$727/sqft
$4,201 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,201/mo
Zestimate® history
Owner options
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$4,201/mo
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$4,201/mo
Rent Zestimate®
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$19,694/mo
Est. payment
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$19,694/mo
Est. payment
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List your homeWhat's special
Silicon valleyIncome propertyClose to stanford universityHigh tech companiesConvenient location
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall, Electric, Gas
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total interior livable area: 4,266 sqft
Property
Parking
- Parking features: Carport
Lot
- Size: 8,921 Square Feet
Details
- Parcel number: 16708010
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1962
Utilities & green energy
- Utilities for property: Individual Electric Meters, Individual Gas Meters, Public Utilities
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $727/sqft
- Tax assessed value: $3,162,000
Price history
| Date | Event | Price |
|---|---|---|
| 10/10/2024 | Sold | $3,100,000-26.2%$727/sqft |
Source: Public Record Report a problem | ||
| 4/22/2022 | Listing removed | -- |
Source:  MLSListings Inc Report a problem | ||
| 3/14/2022 | Listed for sale | $4,200,000$985/sqft |
Source: MLSListings Inc #ML81882262 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $3,162,000 +2% |
| 2025 | $38,361 +442.3% | $3,100,000 +509.1% |
| 2024 | $7,074 +1.5% | $508,927 +2% |
| 2023 | $6,967 +1.3% | $498,949 +2% |
| 2022 | $6,877 +2% | $489,167 +2% |
| 2021 | $6,740 +1.9% | $479,577 +1% |
| 2020 | $6,617 | $474,660 +2% |
| 2019 | $6,617 +3.6% | $465,354 +2% |
| 2018 | $6,386 | $456,230 +2% |
| 2017 | $6,386 +1.8% | $447,286 +2% |
| 2016 | $6,273 +3.9% | $438,517 +1.5% |
| 2015 | $6,039 +3.4% | $431,931 +2% |
| 2014 | $5,838 | $423,471 +0.5% |
| 2013 | -- | $421,558 +2% |
| 2012 | -- | $413,293 +2% |
| 2011 | -- | $405,190 +0.8% |
| 2010 | -- | $402,162 -0.2% |
| 2009 | -- | $403,118 +2% |
| 2008 | -- | $395,215 +2% |
| 2007 | -- | $387,466 +2% |
| 2006 | -- | $379,870 +2% |
| 2005 | -- | $372,423 +2% |
| 2004 | -- | $365,121 +1.9% |
| 2003 | -- | $358,430 +2% |
| 2002 | -- | $351,403 +2% |
| 2001 | -- | $344,513 |
Find assessor info on the county website
Neighborhood: Palo Alto Orchards
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Nearby schools
GreatSchools rating
- 10/10Juana Briones Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Ellen Fletcher MiddleGrades: 6-8Distance: 0.4 mi
- 10/10Henry M. Gunn High SchoolGrades: 9-12Distance: 0.7 mi
- California
- Santa Clara County
- Palo Alto
- 94306
- Palo Alto Orchards
- 4211 McKellar Ln
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Nearby neighborhoods
Nearby zip codes
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