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Listed by Alliance Bay Realty
$ 5,600,000
Est. payment | /mo
3,427 SqFt
$ 5,600,000
Est. payment | /mo
3,427 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,427 sqft
Price per Sqft $1,634
MLS Listing ID ML82062479
HOA Y/N No
Year Built 2025
Lot Size 5,240 Sqft
Property Sub-Type OTHER
Source Datashare MLSListings
Property Description
Completed as new construction in 2025, this distinctive Palo Alto property presents a rare opportunity to own a modern, income-producing compound just moments from Stanford University and the vibrant California Avenue corridor. Fully leased to Stanford-affiliated tenants through June 15, 2027, the property generates approximately $22,000 per month ($264,000 in contracted annual rent)$16,000 from the main residence and $6,000 from the detached ADU. The approximately 2,608 sq. ft. main residence features 3 bedrooms, 2.5 baths, soaring ceilings, abundant natural light, white oak floors, a gourmet kitchen, loft office, and inviting indoor-outdoor living. The approximately 819 sq. ft. detached ADU offers 2 bedrooms, 1 bath, and its own private outdoor space. Location further enhances the property's rental appeal, with exceptional walkability to restaurants, caf s, the farmers market, shopping, banking, and everyday conveniences. Its proximity to Stanford University provides access to a strong and established tenant base, supporting sustained rental demand. A compelling combination of new construction, immediate income, flexible living arrangements, and an exceptional Stanford-area location.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Window Features Double Pane Windows
Appliance ENERGY STAR Qualified Appliances
Exterior
View City Lights
Building
Lot Description Level
Water Public
Schools
School District Palo Alto Unified, Palo Alto Unified