Listing Broker: Golden Gate Sotheby's International Realty
Listing Agent: Bouja & Swenson G...
DRE #01954054: 70010295
408-489-0025
Rare opportunity to own an exceptionally spacious triplex in Palo Altos desirable College Terrace neighborhood, offering approximately 4,350 sf of living space across three substantial residences. The front residence is the largest, a two-story 3-bedroom, 2.5-bath home with generous living areas and laminate flooring. The middle residence offers 3 bedrooms and 2 baths on one level, while the private rear two-story 2-bedroom, 2-bath residence features its own patio and direct access to covered carport parking. Each unit offers unusually spacious rooms and a level of livability rarely found in a three-unit property. Additional amenities include six covered carport spaces, storage, and shared laundry. Ideally located near Stanford University, California Avenue shopping and dining, Caltrain, and major Silicon Valley employment centers, the property offers an exceptional combination of location, size, and long-term potential. Current rents are below market providing future income-growth potential. This is a unique opportunity for an investor or future owner-occupant seeking in-place income, long-term rental upside, and a substantial multifamily property in one of Palo Altos most desirable neighborhoods.
| Listing Id: | ML82064694 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Living Area: | 4,290 |
| Tax Annual Amount: | $3,585 |
| Lot Size Acres: | 0.1509 |
| Waterfront?: | No |
| Year Built: | 1968 |
| Appliances: | DoubleOven, Dishwasher, ElectricCooktop, Disposal, Refrigerator, VentedExhaustFan |
| Basement Yn: | No |
| Carport Spaces: | 6.0 |
| Cooling: | Gas |
| Elementary School: | Other |
| Gross Scheduled Income: | $149,100 |
| High School: | Palo Alto |
| Listing Contract Date: | 2026-10-17 |
| Lot Size Area: | 6575.0 |
| Lot Size Source: | Assessor |
| Maintenance Expense: | $3,700 |
| Parking Features: | Carport |
| State Or Province: | CA |
| Water Source: | Public |
| Zoning: | RM3T |
| Property Sub Type Additional: | Triplex |
| Country Subdivision: | 06085 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06085:12428016 |
| List Price: | $3,995,000 |
|---|---|
| Property Sub Type: | Triplex |
| Lot Size Square Feet: | 6,575.0 |
| City: | Palo Alto |
| County Or Parish: | Santa Clara |
| Postal Code: | 94306 |
| Accessibility Features: | None |
| Building Area Total: | 4290.0 |
| Carport?: | Yes |
| Cooling?: | Yes |
| Directions: | Cross Street: El Camino and California |
| Flooring: | Carpet, Laminate |
| Foundation Details: | ConcretePerimeter |
| Garage Spaces: | 0.0 |
| Heating?: | Yes |
| High School District: | Palo Alto Unified |
| Insurance Expense: | $2,000 |
| Listing Agreement: | ExclusiveRightToSell |
| Living Area Source: | Assessor |
| Lot Size Acres: | 0.1509 |
| Lot Size Units: | SquareFeet |
| Middle Or Junior School: | Other |
| MLS Area Major: | 699 - Not Defined |
| Number Of Buildings: | 1 |
| Original List Price: | $3,995,000 |
| Parcel Number: | 12428016 |
| Postal City: | PALO ALTO |
| Roof: | Composition |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Year Built Source: | Assessor |
| Current Price: | $3,995,000.00 |
| Record Signature: | 993,469,409 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 18, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 18, 2026 01:54 AM - PT
Property Last Updated: October 18, 2026 01:54 AM - PT




