REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Jenny Wan-Mernyk, DRE #01875494 • Alliance Bay Realty

$ 5,600,000

Est. payment | -/mo

5 Beds

3.5 Baths

3,427 SqFt

Save

$ 5,600,000

Est. payment | -/mo

Save

5 Beds

3.5 Baths

3,427 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 3,427 sqft

Price per Sqft $1,634

MLS Listing ID ML82062479

Style Craftsman

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 2025

Lot Size 5,240 Sqft

Property Sub-Type Multiple Dwellings / Structures

Source MLSListings, Inc.

Property Description

Completed as new construction in 2025, this distinctive Palo Alto property presents a rare opportunity to own a modern, income-producing compound just moments from Stanford University and the vibrant California Avenue corridor. Fully leased to Stanford-affiliated tenants through June 15, 2027, the property generates approximately $22,000 per month ($264,000 in contracted annual rent)$16,000 from the main residence and $6,000 from the detached ADU. The approximately 2,608 sq. ft. main residence features 3 bedrooms, 2.5 baths, soaring ceilings, abundant natural light, white oak floors, a gourmet kitchen, loft office, and inviting indoor-outdoor living. The approximately 819 sq. ft. detached ADU offers 2 bedrooms, 1 bath, and its own private outdoor space. Location further enhances the property's rental appeal, with exceptional walkability to restaurants, cafés, the farmers market, shopping, banking, and everyday conveniences. Its proximity to Stanford University provides access to a strong and established tenant base, supporting sustained rental demand. A compelling combination of new construction, immediate income, flexible living arrangements, and an exceptional Stanford-area location.

Location

State CA

County Santa Clara

Area College

Zoning RMDNP

Rooms

Kitchen Cooktop - Electric, Countertop - Stone, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Island, Microwave, Refrigerator, Skylight

Interior

Heating Central Forced Air - Gas

Cooling Central AC, Central Forced Air - Gas, Multi-Zone

Flooring Sustainable Materials

Laundry Washer / Dryer

Exterior

Parking Features Attached Garage, Uncovered Parking

Garage Spaces 1.0

Utilities Available Public Utilities

View City

Roof Type Shingle

Building

Lot Description Grade - Level

Foundation Reinforced Concrete

Sewer Sewer Connected

Water Public

Architectural Style Craftsman

Others

Tax ID 137-01-004

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

546 Oxford AVE Palo Alto, CA 94306