311-317 Ramona St, Palo Alto, CA 94301

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Pending

$2,998,000

bedrooms

bathrooms

square feet

3,169

Acreage

Open Houses

year built

1963

Full Baths

Half Baths

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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
Subdivision	-
County	Santa Clara
Elementary School	-
Middle School	-
High School	-

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MLS number: ML82062184

Listing agent: Kelly Griggs

Listing broker: Coldwell Banker Realty (650) 324-4456

Last update: Wednesday, October 14 2026 at 4:15 p.m. EDT

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