474 Matadero Ave #480, Palo Alto, CA 94306, USA

Property CA
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1

Property Overview:

474-480 Matadero Avenue is a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto, CA (94306). Built in 1950, the building offers a total of 3,185 sq. ft. on a 5,397 sq. ft. lot (some sources note 5,227 sq. ft.). Each unit features a spacious one-bedroom layout (with the option to convert to two-bedroom in some units). The property is 100% occupied and in excellent condition. List price: $2,998,000.

Neighborhood Highlights:

  • Premier Location:

    • Steps from Downtown Palo Alto and Stanford University.
    • Surrounded by top tech employers and major tech campuses.
    • Exceptional proximity to top-rated schools, vibrant shopping, and dining areas.

  • School District:

    • Served by the Palo Alto Unified School District.

  • High Demand Area:

    • Dynamic, high-demand neighborhood with strong rental appeal.

Property Features:

  • Four Large Units:

    • Each unit is a spacious one-bedroom (option to convert two units to two-bedrooms for increased rental income).
    • Beautiful hardwood floors throughout.
    • In-unit laundry facilities in all or some units.
    • Parking for all units.

  • Recent Upgrades & Capital Improvements:

    • Two units recently and extensively renovated with a contemporary feel.
    • New dual-pane windows for energy efficiency.
    • Updated electrical systems.
    • Tankless water heaters in select units.
    • Well-manicured landscaping and tranquil surroundings.

  • Occupancy:

    • 100% occupied (do not disturb tenants; showings by appointment only).

Investment Highlights:

  • Pride of ownership asset in a fantastic Palo Alto location.
  • Significant income potential with options to increase rents or convert units.
  • Buy side fee: 2.25%.
  • Ideal for investors seeking portfolio expansion or owner-occupants desiring income property.

Location Benefits:

  • Walkable to downtown amenities, Stanford, and public transit.
  • Easy access to major highways and commuter routes.
  • Desirable, tranquil neighborhood with strong long-term value appreciation.

Contact the listing agent to schedule a private tour. Do not disturb tenants.

2

Price and Status History

date type price
1992-09-29 Sold 335000.0
2014-07-29 For Sale 1999999.0
2014-09-16 Sold 2150000.0
2014-09-18 Sold 2150000.0
2015-03-17 Off Market 21500.0
2023-08-15 Off Market NaN
2024-08-17 For Sale 3198000.0
2024-08-22 For Sale 2074999.5
2024-10-09 For Sale 2998000.0
2024-10-31 For Sale 3198000.0
2024-12-17 For Sale 2945344.0
2025-01-21 Off Market NaN
2025-02-14 For Sale 2850000.0
3

Superfund Enterprise Management System

SITE NAME ADDRESS FEDERAL FACILITY NPL STATUS NON-NPL STATUS CONTAMINANTS SEMS EPA ID DISTANCE (MILES)
VARIAN ASSOCIATES CORP HDQTRS 611 Hansen Way, Palo Alto, CA 94304-1015, USA N N NF 0 CAD009120817 0.26
DURA-BOND 3201 Ash Street, Palo Alto, CA 94306-2240, USA N N NF 0 CAD014440648 0.29
EASTMAN KODAK CO 925 Page Mill Road, Palo Alto, CA 94304-1013, USA N N NF 0 CAD028874253 0.55
STANFORD CLEANERS 2875 EL CAMINO, Palo Alto, CA 94306, USA N N NF 0 CAD028879765 0.56
HEWLETT-PACKARD (620-640 PAGE MILL ROAD) 620 - 640 Page Mill Road, Palo Alto, CA 94304, USA N F 32 CAD980884209 0.63
ALZA CORP 950 Page Mill Road, Palo Alto, CA 94304-1012, USA N N NF 0 CAD049231541 0.71
AYDIN ENERGY DIVISION 3180 Hanover Street, Palo Alto, CA 94304, USA N N NF 0 CAD049236326 0.75
BECKMAN INSTRUMENTS INC 1050 Page Mill Road, Palo Alto, CA 94304-1019, USA N N NF 0 CAD981616048 0.76
BECKMAN INSTRUMENTS 1117 California Avenue, Palo Alto, CA 94304-1106, USA N N NF 0 CAD028872711 0.84
ALZA PHARMACEUTICALS 1454 Page Mill Road, Palo Alto, CA 94304-1124, USA N N NF 0 CAD061622783 0.88

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 0.25
VARIAN MEDICAL SYSTEMS 911 Hansen Way, Palo Alto, CA 94304-1028, USA 107 2023 Yes 94303VRNSS611HA 0.44
HEWLETT-PACKARD CO PALO ALTO FABRICATION CTR 395 Page Mill Road, Palo Alto, CA 94306-2065, USA 11 1990 N/A 94306HWLTT395PA 0.53
LITTON ELECTRON DEVICES 601 California Avenue, Palo Alto, CA 94304-1101, USA 38 1994 N/A 94304VRNMG601CA 0.73
LOCKHEED MARTIN MISSILES & SPACE 3251 Hanover Street, Palo Alto, CA 94304-1121, USA 4 1994 N/A 94304LCKHD3251H 0.78
ALZA CORP 2575 Hanover Street, Palo Alto, CA 94304-1116, USA 6 1991 N/A 94303LZCRP2575H 0.84

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 0.77
4

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 2 6
AE 0 0 0 2
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 1

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
5

Traffic Noise by Hour x Weekday

hour_of_day Monday Tuesday Wednesday Thursday Friday Saturday Sunday
0 56 57 59 NaN 57 56 56
1 NaN 57 58 NaN 58 57 57
2 55 57 58 57 55 57 55
3 56 NaN 55 56 57 NaN 59
4 57 58 57 57 57 57 58
5 54 56 58 57 55 59 NaN
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11 51 51 54 52 51 NaN 50
12 51 NaN NaN 53 NaN 51 50
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14 NaN 57 54 57 56 53 55
15 58 58 61 59 NaN 57 56
16 57 56 57 59 NaN 56 55
17 57 NaN 57 55 NaN NaN NaN
18 57 57 56 57 56 56 56
19 54 58 57 56 57 58 55
20 57 57 57 59 57 56 55
21 57 58 54 56 57 57 55
22 55 57 57 57 56 NaN 54
23 59 58 58 58 57 NaN 57
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Airplane Noise by Hour x Weekday

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0 1 1 2 2 1 1 1
1 1 1 1 1 1 1 1
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3 1 1 1 1 1 1 1
4 1 1 1 1 0 1 1
5 1 1 1 1 1 1 1
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20 2 3 3 2 4 3 2
21 2 2 3 2 2 1 4
22 1 1 2 2 1 1 1
23 1 1 1 1 2 1 1