474 Matadero Ave, a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto. Each of the four units features a spacious one-bedroom layout. With a building size of 3,185 square feet and a lot size of 5,397 square feet, there is ample room for tenants to enjoy. Two units have been recently and extensively renovated, offering a contemporary feel and the option to convert them into two-bedroom units for increased rental income. Additionally, parking space for all units provides convenient access and adds to the property’s overall appeal. The property includes a range of capital improvements, such as new dual-pane windows for greater energy efficiency, updated electrical systems for modern convenience, and tankless water heaters in select units. All units also feature in-unit laundry facilities, further adding to the comfort and convenience for residents. Situated in a premier location, just steps from Downtown Palo Alto and Stanford University, this property offers exceptional proximity to top rated schools, vibrant shopping and dining areas, and major tech campuses. Surrounded by many top tech employers, the property benefits from a dynamic and high-demand neighborhood.
Property Details
Price:
$2,998,000
MLS #:
ML81977171
Status:
Active
Baths:
0
Address:
474 Matadero Avenue
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
City:
Palo Alto
Listed Date:
Aug 17, 2024
State:
CA
ZIP:
94306
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1950
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Schools
Interior
Accessibility Features
None
Cooling
None
Flooring
Laminate
Heating
Wall Furnace
Exterior
Garage Spaces
0.00
Parking Features
Carport
Parking Spots
4.00
Roof
Shingle
Sewer
Public Sewer
Stories Total
2
Financial
Map
Community
- Address474 Matadero Avenue Palo Alto CA
- Area699 – Not Defined
- CityPalo Alto
- CountySanta Clara
- Zip Code94306
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
474 Matadero Avenue
Palo Alto, CA
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