311-317 Ramona ST, Palo Alto, CA 94301
311-317 Ramona ST, Palo Alto, CA 94301
311-317 Ramona ST, Palo Alto, CA 94301
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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088
Listed by Kelly Griggs • Coldwell Banker Realty, DRE#01812313
$2,998,000
Est. payment /mo
8 Beds
5 Baths
3,169 SqFt
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Open House

Wed Sep 23, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,169 sqft

Price per Sqft $946

MLS Listing ID ML82062184

Bedrooms 8

Full Baths 5

Year Built 1963

Lot Size 5,100 Sqft

Property Sub-Type Fourplex

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 Downtown Palo Alto

Zoning RM4

Rooms

Other Rooms Laundry Room

Kitchen Countertop - Synthetic, Dishwasher, Refrigerator

Interior

Heating Central Forced Air, Wall Furnace

Cooling None

Flooring Hardwood, Laminate

Laundry Coin Operated, Washer/Dryer - Some Units

Exterior

Parking Features Attached Garage, Off-Street Parking

Garage Spaces 4.0

Utilities Available Public Utilities

Roof Type Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 120-25-084

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088

Agent License ID: 01323567

Agent License ID: 01323567

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311-317 Ramona ST