311317 Ramona Street, Palo Alto, CA 94301

Palo Alto
Local realty services provided by:ERA Donahoe Realty
311317 Ramona Street,Palo Alto, CA 94301
$2,928,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: kelly griggs, billy mcnair
Office: coldwell banker realty650-324-4456
MLS#:ML82062184
Source:CRMLS

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Price summary

  • Price:$2,928,000

About this home

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...

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Home facts

  • Year built:1963
  • Listing ID #:ML82062184
  • Added:51 day(s) ago
  • Updated:November 12, 2026 at 08:34 AM

Rooms and interior

  • Flooring:Laminate, Wood
  • Kitchen Description:Dishwasher, Refrigerator

Heating and cooling

  • Heating:Central, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1963
  • Foundation Description:Concrete Perimenter

Schools

  • High school:Palo Alto
  • Middle school:Other
  • Elementary school:Other

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,928,000
  • Tax amount:$36,957

Features and amenities

  • Appliances:Dishwasher

Parking

  • Total parking spaces:4
  • Parking description:Off Street
  • Garage:Yes
  • Garage spaces:4
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