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0 Baths
3,169 sqft

$2,998,000

311317 Ramona Street, Palo Alto CA, 94301

Price per sqft$946.04
Built in1963
Property size3,169 sqft
Property typeMulti-family

Overview

Active

Listed Sep 22, 2026

Updated 45h ago

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!

$19,946/mo

Est. mortgage payment based on a $2,998,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
ML82062184

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$36,957
Tax Frequency
Annually
Maintenance Expense
$2,000
Garage
Yes

Listed by Kelly Griggs, Coldwell Banker Realty, CA DRE 01812313

Listing Contact: 650-464-1965 

Based on information from the CRISNet MLS as of 10/9/2026, 7:02 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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