271 Curtner Avenue, Palo Alto, CA 94306-4814, USA

Property CA
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Property Overview:

271-281 Curtner Avenue is a 6-unit apartment building in Palo Alto, CA, offering an excellent opportunity for investors or owner-occupiers. The property features five 1-bedroom, 1-bath units and one spacious 2-bedroom, 1-bath owner’s unit with a private balcony and fireplace. The building is well maintained with minimal deferred maintenance and offers a 5.12% market cap rate. Two units will be vacant soon, and attractive seller financing is available.

Neighborhood Highlights:

  • Prime Silicon Valley Location:

    • 1.5 miles from Stanford University
    • <1 mile from Stanford Research Park (home to 150+ companies)
    • 1 mile from California Ave Caltrain Station
    • Walk Score: 85 (“Very Walkable”)
    • Bike Score: 99 (“Biker’s Paradise”)
    • Close to California Avenue Business District (shopping, dining, Sunday farmer’s market, Caltrain access)
    • Surrounded by social spots, arts, and culture

  • Top-Rated Schools:

    • Barron Park Elementary: 0.7 miles, 9/10 GreatSchools rating
    • Ellen Fletcher Middle: 1.5 miles, 10/10 rating
    • Gunn High: 1.5 miles, 10/10 rating, 10/10 College Readiness

Property Features:

  • Unit Mix:

    • Five 1-bed, 1-bath units
    • One 2-bed, 1-bath owner’s unit (private balcony, fireplace)

  • Recent Upgrades & Amenities:

    • Brand new 100-gallon water heater
    • All copper plumbing
    • Dual pane windows throughout
    • Coin-operated laundry (extra income)
    • Backyard / patio area
    • Minimal deferred maintenance
    • ADU potential (convert tuck-under spaces)

  • Rental Upside:

    • Huge upside in rents (5.12% market cap rate)
    • Half of units eligible for rent increases (already served)
    • Other half eligible within 6 months
    • Two units coming vacant soon
    • Attractive seller financing available

Location Benefits:

  • Consistent pool of potential renters due to proximity to Stanford University and Silicon Valley employers
  • Excellent access to public transportation and major business hubs
  • Vibrant local amenities: shopping, dining, parks, and cultural events
  • Highly desirable Palo Alto school district

Special Offers (For Renters):

  • Newly renovated units—be the first to move in!
  • Exclusive limited-time offers:
    • 1 month free rent with 12-month lease
    • 50% off first month’s rent for 9-month lease

Summary:
271-281 Curtner Avenue is a turnkey 6-unit investment property in a prime Palo Alto location, offering strong rental upside, excellent schools, and outstanding walkability/bikeability. With two units coming vacant, seller financing, and modern upgrades, this property is ideal for both investors and owner-occupiers seeking value and long-term growth in the heart of Silicon Valley.

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Price and Status History

date type price
2023-09-11 Sold 2960000
2025-02-11 Sold NaN
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Superfund Enterprise Management System

SITE NAME ADDRESS FEDERAL FACILITY NPL STATUS NON-NPL STATUS CONTAMINANTS SEMS EPA ID DISTANCE (MILES)
STANFORD CLEANERS 2875 EL CAMINO, Palo Alto, CA 94306, USA N N NF 0 CAD028879765 0.37
DURA-BOND 3201 Ash Street, Palo Alto, CA 94306-2240, USA N N NF 0 CAD014440648 0.45
VARIAN ASSOCIATES CORP HDQTRS 611 Hansen Way, Palo Alto, CA 94304-1015, USA N N NF 0 CAD009120817 0.46
EASTMAN KODAK CO 925 Page Mill Road, Palo Alto, CA 94304-1013, USA N N NF 0 CAD028874253 0.76
HEWLETT-PACKARD (620-640 PAGE MILL ROAD) 620 - 640 Page Mill Road, Palo Alto, CA 94304, USA N F 32 CAD980884209 0.84
ALZA CORP 950 Page Mill Road, Palo Alto, CA 94304-1012, USA N N NF 0 CAD049231541 0.91
AYDIN ENERGY DIVISION 3180 Hanover Street, Palo Alto, CA 94304, USA N N NF 0 CAD049236326 0.94
BECKMAN INSTRUMENTS INC 1050 Page Mill Road, Palo Alto, CA 94304-1019, USA N N NF 0 CAD981616048 0.97

Toxic Release Inventory

FACILITY NAME ADDRESS TOTAL FORMS LAST FORM YEAR RISK SCREENING FACILITY ID DISTANCE (MILES)
COMMUNICATIONS & POWER INDUSTRIES 607 Hansen Way, Palo Alto, CA 94304-1015, USA 4 2008 N/A 94304CMMNC607HA 0.46
VARIAN MEDICAL SYSTEMS 911 Hansen Way, Palo Alto, CA 94304-1028, USA 107 2023 Yes 94303VRNSS611HA 0.64
HEWLETT-PACKARD CO PALO ALTO FABRICATION CTR 395 Page Mill Road, Palo Alto, CA 94306-2065, USA 11 1990 N/A 94306HWLTT395PA 0.66
LITTON ELECTRON DEVICES 601 California Avenue, Palo Alto, CA 94304-1101, USA 38 1994 N/A 94304VRNMG601CA 0.92
LOCKHEED MARTIN MISSILES & SPACE 3251 Hanover Street, Palo Alto, CA 94304-1121, USA 4 1994 N/A 94304LCKHD3251H 0.94

Integrated Compliance Information System - Air

PLANT NAME ADDRESS OPERATING STATUS DISTANCE (MILES)
PENINSULA FORD 4180 El Camino Real, Palo Alto, CA 94306-4008, USA OPR: Operating 0.67
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Flood Risk Info

fld_zone very high impact: up to 0.0001 miles high impact: up to 0.2 miles moderate impact: up to 0.5 miles low-moderate impact: up to 1.5 miles
A 0 1 3 4
AE 0 0 0 1
AH 0 0 0 0
AO 0 0 0 1
VE 0 0 0 0

Flood Zone Type

code meaning
A 1% annual chance flood zone determined using approximate methods. No BFEs shown. Flood insurance and management standards apply.
AE 1% annual chance flood zone determined by detailed methods. BFEs shown. Insurance and floodplain management required.
AH Shallow flooding (ponding) zones with depths between 1-3 feet. BFEs shown. Insurance and management required.
AO Shallow flooding (sheet flow) zones with depths 1-3 feet. BFEs or average depths shown. High-velocity areas may exist.
VE Coastal 1% annual chance flood zone with wave action. BFEs shown. Insurance and management required.

Earthquake Risk Info

zone_name quad_name very high impact: up to 0.0001 miles high impact: up to 2.0 miles moderate impact: up to 10.0 miles
San Andreas - Peninsula Mindego Hill 0 0 1
San Andreas - Peninsula Palo Alto 0 0 2
San Andreas - Peninsula Woodside 0 0 1

Landslide Risk Info

lscat very high impact: up to 0.0001 miles high impact: up to 0.04 miles moderate impact: up to 0.1 miles low-moderate impact: up to 0.2 miles
8 0 0 0 0

Liquefaction Risk Info

Suscept very high impact: up to 0.0001 miles high impact: up to 0.05 miles moderate impact: up to 0.5 miles low-moderate impact: up to 1.0 miles
High 0 0 0 0
Very high 0 0 1 0

Wild fire Risk Info

haz_class very high impact: up to 0.0001 miles high impact: up to 0.5 miles moderate impact: up to 1.5 miles low-moderate impact: up to 3.0 miles
High 0 0 0 0
Very High 0 0 0 0
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Traffic Noise by Hour x Weekday

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Airplane Noise by Hour x Weekday

hour_of_day Monday Tuesday Wednesday Thursday Friday Saturday Sunday
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