Property Overview:
426 Palo Alto Ave is a multi-family apartment house (5+ units) located in Palo Alto, CA 94301, built in 1902. The property sits on an 11,960 sq. ft. lot and offers 3,336 sq. ft. of living space. It was last sold on 03/31/1997. The building is currently divided into four apartments, providing income potential or the option to restore it to a single-family residence with 4 bedrooms and 3 bathrooms.
Neighborhood Highlights:
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Schools:
Exceptional nearby schools include Addison Elementary, Palo Alto High, and David Starr Jordan Middle. -
Crime Rate:
Low overall crime risk with only 2 criminal and sex offenders residing within 1 mile. -
Natural Disaster Risk:
- Very high earthquake risk
- Very low tornado risk
- Moderate to low flood risk
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Location:
Situated in the North Downtown neighborhood of Palo Alto, just a 9-minute walk to University Ave and a 12-minute bike ride to Stanford/Maples Pavilion.
Property Features:
- Post-Victorian architecture with original woodwork, vintage moldings, and classic period details.
- Top story private apartment with private entrance.
- Laundry in-building.
- Utilities included in rent.
- Smoking allowed on balcony only (no cigarettes).
- Large lot with potential to subdivide while retaining the existing structure.
- Excellent income property or restoration opportunity for a grand single-family home.
Location Benefits:
- Walkable to downtown Palo Alto and close to Stanford University.
- Low crime and highly rated schools make it ideal for families.
- Historic charm with modern conveniences.
- Potential for future development or customization.