Located just a few blocks from University Avenue's dining, shops, and retail, this well-maintained 4-unit fourplex offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. 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.

The 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. 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 and strong support from proven signed rents at sister properties nearby. 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.

Unit Mix:

• One 3BR/2BA unit
• Two 2BR/1BA units
• One 1BR/1BA unit
• 3,169 SF total building square footage
• 5,100 SF lot
• 4 separate garages bays

Investment Highlights:

• Excellent unit mix with larger units
• Meaningful upside on rents across all 4 units, currently under market
• All required SB-721 balcony work completed July 2026 with full clearance and permitting
• Deep renter pool from nearby major employers and transit
• 4 individual garage bays onsite
• In-unit laundry in 2 units, shared laundry room for the remaining 2 units
• Private yard space and balconies for all units
• 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

Location Highlights:

• Walkable, amenity-rich downtown Palo Alto location — connecting residents to Palo Alto's best dining, retail, and business districts within a few blocks
• Excellent walkability and immediate access to major employment centers and CalTrain
• 4 individual garage bays for residents, plus street parking and nearby parking options
• Multifamily vacancy among the lowest in the metro — strong absorption, limited competing supply
• Full-service grocery, farmers' markets, everyday retail, and top restaurants all within minutes
• 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and proving strong submarket fundamentals

Portfolio Opportunity: 

311-317 Ramona Street can be purchased together with the adjacent five-plex at 252-262 Everett and triplex at 270 Everett Avenue, combining for a total of 12 units between the three properties — an exceptional opportunity to acquire a concentrated income portfolio in the heart of downtown Palo Alto.  Whether acquired individually or as a combined portfolio, this offering delivers location, condition, and income potential in a corner of the market where opportunities like this rarely come available.