Property Details
Upcoming Open Houses
About this Property
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.
MLS Listing Information
MLS #
ML82017965
MLS Source
MLSListings, Inc.
Days on Site
5
Interior Features
Cooling
None
Heating
Forced Air
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
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
Contact Information
Listing Agent
Matthew Thomson
Compass
License #: 01471708
Phone: (650) 515-6555
Co-Listing Agent
Bryan Danforth
License #: 01789680
Phone: (650) 274-5227
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | 8 |
| 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
500 Palo Alto Ave is a Residential Income in Palo Alto, CA 94301. This 6,442 square foot property sits on a 0.287 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,800,000 and was built in 1958. This address can also be written as 500 Palo Alto Ave, Palo Alto, CA 94301.
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This listing information is up-to-date as of August 13, 2025. For the most current information, please contact Matthew Thomson, (650) 515-6555
