Home | Santa Clara County | Palo Alto | 94301 | 500 Palo Alto Ave
500 Palo Alto Ave, Palo Alto, CA 94301
MLS: ML82017965 | Status: | Price: $4,750,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
6,442 |
0.287 |
1958 |
True trophy asset in irreplacable downtown Palo Alto location. Excellent Unit Mix: (6) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath Units. Numerous recent upgrades including interior updates to at least half of the units with updated kitchen countertops and bathrooms. Beautiful pool and courtyard area. Solid in-place rents with plenty of upside potential through additional unit renovations. Forced Air Heating in every unit, many furnaces replaced in the past few years. Recent replacement of water heaters (2023+2025). All copper plumbing. New composition shingle roof installed in 2010. Garage parking for all tenants. Laundry facility on-site. Add 2 ADUs. Convert the garage parking into two new ADU units to add income and value.
Incredible location in one of the most prestigious and supply-constrained submarkets of Silicon Valley walking distance to all the shopping, dining & entertainment amenities on University Avenue. The property benefits from its proximity to downtown Palo Alto, Stanford University, and top employers such as Google, Meta, and Palantir, making it highly attractive to both residents and investors. Demand for quality housing in this submarket remains consistently strong due to limited new development and exceptionally high barriers to entry.
| Field |
Value |
| MLS # |
ML82017965 |
| MLS Source |
MLSListings, Inc. |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Forced Air |
Exterior Features
| Feature |
Details |
| Roof |
Composition |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Attached Garage, Tandem Parking, Garage: 8 Car(s) |
| Elementary District |
Palo Alto Unified |
| High School District |
Palo Alto Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
R1 |
| Listing Agent |
Co-Listing Agent |
| Matthew Thomson |
Bryan Danforth |
| Compass |
|
| License #: 01471708 |
License #: 01789680 |
| Phone: (650) 515-6555 |
Phone: (650) 274-5227 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
8 |
8 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
926 |
2 |
1/0 |
$2,700 |
$3,230 |
6 |
| 2 |
768 |
1 |
1/0 |
$2,400 |
$2,750 |
2 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Matthew Thomson, (650) 515-6555.