---
listing_id: ML81946018
status: Closed
price: 1925000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 1800
sqft_lot: 7853
lot_acres: 
year_built: 1953
property_type: Residential Income
property_subtype: 
address: "102 Colorado Ave"
city: Palo Alto
state: CA
zip: 94301
county: "Santa Clara County"
lat: 37.427768
lng: -122.138544
days_on_market: 914
hoa_fee: 
hoa_frequency: 
garage_spaces: 0
list_agent: "Matthew Thomson"
list_office: "Newmark Cornish & Carey"
list_agent_phone: "(650) 515-6555"
list_agent_license: 01471708
mls_source: MLSL
modified: 2026-02-01
transaction_type: recentlySold
---

Home | Santa Clara County | Palo Alto | 94301 | 102 Colorado Ave

102 Colorado Ave, Palo Alto, CA 94301

MLS: ML81946018 | Status: Sold | Price: $1,925,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds Baths Sq Ft Sq Ft Lot Yr Built
1,800 7,853 1953

Remarks

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 ¼ 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.

MLS Listing Information

Field Value
MLS # ML81946018
MLS Source MLSListings, Inc.

Features

Interior Features

Feature Details
Flooring Laminate
Cooling None
Heating Gas, Wall Furnace

Exterior Features

Feature Details
Roof Composition, Shingle
Foundation Concrete Perimeter and Slab

Parking, School, and Other Information

Feature Details
Garage/Parking Assigned Spaces, Parking Area, Garage: 0 Car(s)
Elementary District Palo Alto Unified
High School District Palo Alto Unified
Sewer Public Sewer
Water Public
Zoning RM3

Contact Information

Listing Agent Co-Listing Agent
Matthew Thomson Bryan Danforth
Newmark Cornish & Carey Newmark Cornish & Carey
License #: 01471708 License #: 01789680
Phone: (650) 515-6555 Phone: (650) 274-5227

Property Units

# Buildings # Leased Units # Total Units
1 2 4

Unit Details

Unit # Sq Ft Beds Baths Rent
1 450 1 1/0 $1,517
2 450 1 1/0 $1,575
3 450 1 1/0 $2,500
4 450 1 1/0 $2,500

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
El Carmelo Elementary School public K-5 0.47 mi 9
Frank S. Greene Jr. Middle public 6-8 0.77 mi 9
Escondido Elementary School public K-5 1.05 mi 10
Barron Park Elementary School public K-5 1.06 mi 9
Walter Hays Elementary School public K-5 1.09 mi 9
Ohlone Elementary School public K-5 1.15 mi 10
Jane Lathrop Stanford Middle School public 6-8 1.15 mi 10
Palo Alto Adult Education public UG 1.19 mi N/A
Palo Alto High School public 9-12 1.25 mi 10
Fairmeadow Elementary School public K-5 1.30 mi 10
Lucille M. Nixon Elementary School public K-5 1.32 mi 10
Palo Verde Elementary School public K-5 1.34 mi 8
Addison Elementary School public K-5 1.43 mi 9
Juana Briones Elementary School public K-5 1.48 mi 10
Duveneck Elementary School public K-5 1.49 mi 9
Herbert Hoover Elementary School public K-5 1.49 mi 10
Ellen Fletcher Middle public 6-8 1.82 mi 9
Henry M. Gunn High School public 9-12 1.84 mi 10
Greendell School public K-12 1.98 mi N/A
Packard Children's Hospital/Stanford public K-12 2.02 mi N/A

Disclosures

©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of February 01, 2026. For the most current information, please contact Matthew Thomson, (650) 515-6555.