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$2,850,000
Est. payment /mo
3,186 SqFt
OPEN HOUSE
Sun Feb 23, 12:00pm - 1:00pm
UPDATED:
02/19/2025 01:54 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $894
MLS Listing ID ML81994098
HOA Y/N No
Year Built 1950
Annual Tax Amount $37,617
Lot Size 5,227 Sqft
Property Sub-Type Quadruplex
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM4
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 4
View Y/N No
Roof Type Shingle
Accessibility None
Total Parking Spaces 4
Building
Story 2
Sewer Public Sewer
Schools
School District Palo Alto Unified
Others
Tax ID 13240011
Special Listing Condition Standard
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Listed by Philip Batlin • Marcus & Millichap