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311317 Ramona Street, Palo Alto, CA — listing photo 1
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FOR SALENew Listing

311317 Ramona Street

Palo Alto, CA 94301
3,169 Sq Ft
Built 1963
$2,998,000

Property Overview

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!

Home Details

Property type
Residential Income - Quadruplex
Year built
1963
Living area
3,169 sq ft
Lot size
5,100 sq ft
Parking
4 spaces
Garage
4 spaces
Stories
2
Days on market
16
MLS status
Active
Zoning
RM-30

Features & Amenities

Appliances

  • Dishwasher
  • Refrigerator

Parking

  • Off Street

Community, Schools & Utilities

Community

Annual property tax
$36,957

Schools

School district
Palo Alto Unified
Elementary school
Other
Middle school
Other
High school
Palo Alto

Utilities

Heating
Central,WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer
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Location & Neighborhood

Location data not available

Frequently Asked Questions About 311317 Ramona Street

Property type: Residential Income

The current asking price is $2,998,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 311317 Ramona Street. Our team will confirm availability and timing.
This property offers approximately 3,169 square feet of living space. It was built in 1963. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Palo Alto, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Palo Alto property.
The MLS currently reports the property as Active. It has been listed for 16 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Kelly Griggs
MLS ID: ML166664

Available property

$2,998,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.