Located just a few blocks from University Avenue’s dining, shops, and retail, this well-maintained 4-unit multi-family offers investors a rare combination of in-place stability and proven upside in one of the Bay Area’s most resilient rental submarkets. The desirable unit mix consists of one 3-bedroom/2-bath unit, two 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit, totaling 3,169 SF across the building, on a 5,100 SF lot. Each unit benefits from a private yard space or a balcony. 4 garage bays. Built in 1963, the property has recently completed all required SB-721 balcony work as of July 2026, with full clearance and permitting in place. Two units offer in-unit laundry, with the remaining two served by an on-site shared laundry room. The property offers meaningful upside across all four units, with rents currently below market. 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and reflecting strong submarket fundamentals stable cash flow today, plus a clear path to further rent growth. This property can be purchased individually or as a combined 12-unit portfolio with the adjacent 5-unit property at 252-262 Everett Avenue and triplex at 270 Everett. Incredible opportunity!
Property Details
Price:
$2,998,000
MLS #:
ML82062184
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Sep 22, 2026
Finished Sq Ft:
3,169
Total Sq Ft:
3,169
Lot Size:
5,100 sqft / 0.12 acres (approx)
Year Built:
1963
See this Listing
Schools
School District:
Palo Alto Unified
Elementary School:
Other
Middle School:
Other
High School:
Palo Alto
Interior
Appliances
DW, RF
Cooling
NO
Flooring
LAM, WOOD
Heating
WL, CF
Exterior
Accessibility Features
NO
Garage Spaces
4
Parking Spots
4
Parking Total
4
Roof
CMP
Financial
Maintenance Fee
$2,000
Taxes
$36,957
Map
Community
- Address311317 Ramona ST Palo Alto CA
- CityPalo Alto
- CountySanta Clara
- Zip Code94301
Subdivisions in Palo Alto
Market Summary
Current real estate data for Single Family in Palo Alto as of Sep 25, 2026
107
Single Family Listed
42
Avg DOM
1,723
Avg $ / SqFt
$3,834,683
Avg List Price
Property Summary
- 311317 Ramona ST Palo Alto CA is a Single Family for sale in Palo Alto, CA, 94301. It is listed for $2,998,000 and features 0 beds, 0 baths, and has approximately 3,169 square feet of living space, and was originally constructed in 1963. The current price per square foot is $946. The average price per square foot for Single Family listings in Palo Alto is $1,723. The average listing price for Single Family in Palo Alto is $3,834,683.
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311317 Ramona ST
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