Exceptional opportunity to remodel, develop, or reimagine a versatile property on a 5,000 square foot lot in one of Palo Alto's most sought-after neighborhoods. Located in College Terrace, this offering presents long-term upside for end users, investors, or those planning their next move in a premier setting. The main residence is a 1-bedroom, 1-bath home with a functional layout, abundant natural light, and classic period character. A large attic provides valuable bonus space for storage or flexible use. A detached ADU with its own bathroom has a history of consistently strong rental performance, offering immediate income potential or flexible living options. The private backyard provides space to create an inviting outdoor retreat. Ideally located just one block from Stanford University, steps to Cameron Park, and moments from the shops and dining along California Avenue. A rare opportunity to own a property with both flexibility and upside in an A+ Palo Alto location.
Sold for $2,900,000
$2,900,000
870 College Ave, Palo Alto, CA 94306
1beds
1,231sqft
Single Family Residence, Residential
Built in 1915
5,000 Square Feet Lot
$2,876,300 Zestimate®
$2,356/sqft
$4,455 Estimated rent
Home value
$2,876,300
$2.65M - $3.14M
$4,455/mo
Zestimate® history
Owner options
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$4,455/mo
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$4,455/mo
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$18,477/mo
Est. payment
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$18,477/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Heng Seroff Group 70010137 650-516-7506,
Compass 650-323-1111
Bought with:
Igor Reznikov, 01865614
RezRealty
Source: MLSListings Inc,MLS#: ML82032957
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Laundry, Office
Bathroom
- Features: ShoweroverTub1, StallShower, Tile
Dining room
- Features: EatinKitchen
Family room
- Features: SeparateFamilyRoom
Kitchen
- Features: Hookups_Gas
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Disposal, Range Hood, Gas Oven/Range, Refrigerator, Dryer, Washer
- Laundry: Inside
Features
- Flooring: Concrete, Tile, Wood
Interior area
- Total structure area: 1,231
- Total interior livable area: 1,231 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 2
- Patio & porch: Deck
- Exterior features: Back Yard, Storage Shed Structure
- Fencing: Partial,Wood
Lot
- Size: 5,000 Square Feet
Details
- Parcel number: 13702082
- Zoning: R1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Gas: NaturalGas, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Public Utilities, Water Public, Solar
Community & HOA
Location
- Region: Palo Alto
Financial & listing details
- Price per square foot: $2,356/sqft
- Tax assessed value: $2,133,027
- Annual tax amount: $26,664
- Date on market: 1/29/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Sold | $2,900,000+3.6%$2,356/sqft |
Source:  MLSListings Inc #ML82032957 Report a problem | ||
| 2/7/2026 | Pending sale | $2,798,000$2,273/sqft |
Source: MLSListings Inc #ML82032957 Report a problem | ||
| 1/29/2026 | Listed for sale | $2,798,000+39.2%$2,273/sqft |
Source: MLSListings Inc #ML82032957 Report a problem | ||
| 4/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/10/2024 | Listed for rent | $3,998$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source:  MLSListings Inc #ML81918143 Report a problem | ||
| 2/14/2023 | Price change | $3,998-11.1%$3/sqft |
Source: MLSListings Inc #ML81918143 Report a problem | ||
| 2/7/2023 | Listed for rent | $4,498$4/sqft |
Source: MLSListings Inc #ML81918143 Report a problem | ||
| 3/18/2022 | Sold | $2,010,000$1,633/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $26,664 +4.3% | $2,133,027 +2% |
| 2024 | $25,576 +1.5% | $2,091,204 +2% |
| 2023 | $25,199 +383% | $2,050,200 +475.7% |
| 2022 | $5,217 +3.7% | $356,095 +2% |
| 2021 | $5,030 +1.8% | $349,113 +1% |
| 2020 | $4,941 | $345,535 +2% |
| 2019 | $4,941 +3.7% | $338,761 +2% |
| 2018 | $4,763 | $332,119 +2% |
| 2017 | $4,763 +1.8% | $325,608 +2% |
| 2016 | $4,677 +4% | $319,224 +1.5% |
| 2015 | $4,496 +4.1% | $314,430 +2% |
| 2014 | $4,317 | $308,272 +0.5% |
| 2013 | -- | $306,880 +2% |
| 2012 | -- | $300,864 +2% |
| 2011 | -- | $294,966 +0.8% |
| 2010 | -- | $292,762 -0.2% |
| 2009 | -- | $293,459 +2% |
| 2008 | -- | $287,705 +2% |
| 2007 | -- | $282,065 +2% |
| 2006 | -- | $276,536 +2% |
| 2005 | -- | $271,115 +2% |
| 2004 | -- | $265,800 +1.9% |
| 2003 | -- | $260,930 +2% |
| 2002 | -- | $255,815 +2% |
| 2001 | -- | $250,800 |
Find assessor info on the county website
Neighborhood: College Terrace
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Nearby schools
GreatSchools rating
- 10/10Escondido Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Frank S. Greene Jr. MiddleGrades: 6-8Distance: 1.3 mi
- 10/10Palo Alto High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: EscondidoElementary
- 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.
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Estimated market value
$2,876,300
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
$2,876,300
- California
- Santa Clara County
- Palo Alto
- 94306
- College Terrace
- 870 College Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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