183 Everett Ave
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183 Everett Ave
3 Unit Apartment Building Offered at $2,700,000 at a 2.76% Cap Rate in Palo Alto, CA 94301
Investment Highlights
- Potential 1 Bed 1 Bath ADU unit development
- Less than one mile away from Stanford University and Stanford Shopping Center
- In-Unit Washer/Dryer for all units
- One block away from Downtown Palo Alto
Executive Summary
The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 183 Everett Ave, located in the dynamic and highly sought-after heart of Downtown Palo Alto. This exceptional triplex, with the potential for an ADU, is a true standout—offering investors the rare chance to acquire a prime piece of real estate in one of the most vibrant cities in Silicon Valley.
The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit, one studio, and a potential 1-bed, 1-bath ADU. All units have been thoughtfully upgraded with modern kitchens, baths, and flooring, along with in-unit washers and dryers. With 1,335 square feet of living space on a 0.07-acre lot in Downtown Palo Alto, the opportunities for growth and value appreciation are significant.
What sets 183 Everett Ave apart is its unbeatable location. Situated just steps from the bustling core of Downtown Palo Alto, residents will enjoy easy access to renowned restaurants, trendy boutiques, and the historic Stanford Theater. Additionally, the property is less than a mile from the prestigious Stanford University and the premier Stanford Shopping Center, making it the perfect gateway to everything Palo Alto offers.
Savvy investors will appreciate the high rental demand, modern upgrades, and proximity to key amenities and landmarks. Don’t miss this unique chance to invest in one of Palo Alto’s most coveted neighborhoods.
Contact The R&Z Group of Compass Commercial today to schedule a private tour and secure your place in this thriving market. 183 Everett Ave is ready to become your next standout investment—act now and unlock its full potential! The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 183 Everett Ave, located in the dynamic and highly sought-after heart of Downtown Palo Alto. This exceptional triplex, with the potential for an ADU, is a true standout—offering investors the rare chance to acquire a prime piece of real estate in one of the most vibrant cities in Silicon Valley.
The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit, one studio, and a potential 1-bed, 1-bath ADU. All units have been thoughtfully upgraded with modern kitchens, baths, and flooring, along with in-unit washers and dryers. With 1,335 square feet of living space on a 0.07-acre lot in Downtown Palo Alto, the opportunities for growth and value appreciation are significant.
What sets 183 Everett Ave apart is its unbeatable location. Situated just steps from the bustling core of Downtown Palo Alto, residents will enjoy easy access to renowned restaurants, trendy boutiques, and the historic Stanford Theater. Additionally, the property is less than a mile from the prestigious Stanford University and the premier Stanford Shopping Center, making it the perfect gateway to everything Palo Alto has to offer.
Savvy investors will appreciate the high rental demand, modern upgrades, and proximity to key amenities and landmarks. Don’t miss this unique chance to invest in one of Palo Alto’s most coveted neighborhoods.
Contact The R&Z Group of Compass Commercial today to schedule a private tour and secure your place in this thriving market. 183 Everett Ave is ready to become your next standout investment—act now and unlock its full potential! **Income includes estimated income for ADU**
The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit, one studio, and a potential 1-bed, 1-bath ADU. All units have been thoughtfully upgraded with modern kitchens, baths, and flooring, along with in-unit washers and dryers. With 1,335 square feet of living space on a 0.07-acre lot in Downtown Palo Alto, the opportunities for growth and value appreciation are significant.
What sets 183 Everett Ave apart is its unbeatable location. Situated just steps from the bustling core of Downtown Palo Alto, residents will enjoy easy access to renowned restaurants, trendy boutiques, and the historic Stanford Theater. Additionally, the property is less than a mile from the prestigious Stanford University and the premier Stanford Shopping Center, making it the perfect gateway to everything Palo Alto offers.
Savvy investors will appreciate the high rental demand, modern upgrades, and proximity to key amenities and landmarks. Don’t miss this unique chance to invest in one of Palo Alto’s most coveted neighborhoods.
Contact The R&Z Group of Compass Commercial today to schedule a private tour and secure your place in this thriving market. 183 Everett Ave is ready to become your next standout investment—act now and unlock its full potential! The R&Z Group of Compass Commercial is proud to present a remarkable investment opportunity at 183 Everett Ave, located in the dynamic and highly sought-after heart of Downtown Palo Alto. This exceptional triplex, with the potential for an ADU, is a true standout—offering investors the rare chance to acquire a prime piece of real estate in one of the most vibrant cities in Silicon Valley.
The property features a diverse and appealing unit mix, including one 2-bed, 1-bath unit, one 1-bed, 1-bath unit, one studio, and a potential 1-bed, 1-bath ADU. All units have been thoughtfully upgraded with modern kitchens, baths, and flooring, along with in-unit washers and dryers. With 1,335 square feet of living space on a 0.07-acre lot in Downtown Palo Alto, the opportunities for growth and value appreciation are significant.
What sets 183 Everett Ave apart is its unbeatable location. Situated just steps from the bustling core of Downtown Palo Alto, residents will enjoy easy access to renowned restaurants, trendy boutiques, and the historic Stanford Theater. Additionally, the property is less than a mile from the prestigious Stanford University and the premier Stanford Shopping Center, making it the perfect gateway to everything Palo Alto has to offer.
Savvy investors will appreciate the high rental demand, modern upgrades, and proximity to key amenities and landmarks. Don’t miss this unique chance to invest in one of Palo Alto’s most coveted neighborhoods.
Contact The R&Z Group of Compass Commercial today to schedule a private tour and secure your place in this thriving market. 183 Everett Ave is ready to become your next standout investment—act now and unlock its full potential! **Income includes estimated income for ADU**
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$124,800
|
$93.48
|
| Other Income |
$3,630
|
$2.72
|
| Vacancy Loss |
$3,744
|
$2.80
|
| Effective Gross Income |
$124,686
|
$93.40
|
| Taxes |
$34,701
|
$25.99
|
| Operating Expenses |
$15,312
|
$11.47
|
| Total Expenses |
$50,013
|
$37.46
|
| Net Operating Income |
$74,673
|
$55.93
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $124,800 |
| Annual Per SF | $93.48 |
| Other Income | |
|---|---|
| Annual | $3,630 |
| Annual Per SF | $2.72 |
| Vacancy Loss | |
|---|---|
| Annual | $3,744 |
| Annual Per SF | $2.80 |
| Effective Gross Income | |
|---|---|
| Annual | $124,686 |
| Annual Per SF | $93.40 |
| Taxes | |
|---|---|
| Annual | $34,701 |
| Annual Per SF | $25.99 |
| Operating Expenses | |
|---|---|
| Annual | $15,312 |
| Annual Per SF | $11.47 |
| Total Expenses | |
|---|---|
| Annual | $50,013 |
| Annual Per SF | $37.46 |
| Net Operating Income | |
|---|---|
| Annual | $74,673 |
| Annual Per SF | $55.93 |
Property Facts
| Price | $2,700,000 | Property Type | Multifamily |
| Price Per Unit | $900,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,335 SF |
| Cap Rate | 2.76% | Average Occupancy | 100% |
| Gross Rent Multiplier | 23.64 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1905 |
| Price | $2,700,000 |
| Price Per Unit | $900,000 |
| Sale Type | Investment |
| Cap Rate | 2.76% |
| Gross Rent Multiplier | 23.64 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.07 AC |
| Building Size | 1,335 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1905 |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,850 | - |
| 1+1 | 1 | $2,600 | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 120-25-039 | Total Assessment | $2,079,319 |
| Land Assessment | $1,790,528 | Annual Taxes | $34,701 ($25.99/SF) |
| Improvements Assessment | $288,791 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
120-25-039
Land Assessment
$1,790,528
Improvements Assessment
$288,791
Total Assessment
$2,079,319
Annual Taxes
$34,701 ($25.99/SF)
Tax Year
2023
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183 Everett Ave
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