311317 Ramona ST, Palo Alto, CA 94301
311317 Ramona ST, Palo Alto, CA 94301
311317 Ramona ST, Palo Alto, CA 94301
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Leon Borunda

Leon Borunda

+1(559) 779-6540
$2,998,000
Est. payment /mo
3,169 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,169 sqft

Price per Sqft $946

MLS Listing ID ML82062184

HOA Y/N No

Year Built 1963

Annual Tax Amount $36,957

Lot Size 5,100 Sqft

Property Sub-Type Quadruplex

Property Description

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!

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM4

Interior

Heating Central, Wall Furnace

Cooling None

Flooring Laminate, Wood

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Off Street

Garage Spaces 4.0

Garage Description 4.0

View Y/N No

Roof Type Composition

Accessibility None

Total Parking Spaces 4

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 12025084

Special Listing Condition Standard

Virtual Tour https://www.311-317ramona.com

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Listed by Kelly Griggs Coldwell Banker Realty #01812313

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Leon Borunda

Leon Borunda

+1(559) 779-6540

Realtor License ID: 01818465

Realtor License ID: 01818465

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