INVESTMENT HIGHLIGHTS

220 College Avenue is an incredible opportunity to acquire a prime 6-unit apartment building in an outstanding Palo Alto location. The property benefi ts from several recent interior and exterior capital improvements and is strategically positioned on a quiet cul-de-sac walking distance to all the shopping, dining & entertainment amenities of California Avenue.

  • Excellent Unit Mix: (4) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath
  • Great in-place rents with best-in-class tenant profiles creating ability to add significant value with high-end renovations and achieve top market rents
  • 2 units with complete remodel and 2 units with general kitchen & bath updates
  • New Roof in 2023
  • Fully upgraded Electrical System (Main & Subpanels) – 2025
  • New Water Heater in 2022 and New Washer & Dryer in 2025
  • New Driveway Ramp – 2025
  • Dual pane windows throughout
  • Onsite laundry facility provides supplemental income
  • Extra storage and bicycle racks for tenants
  • Some units with private yards or balconies
  • Add ADU in tuck-under carport parking area!

Ideal location in the epicenter of Silicon Valley, Evergreen Terrace neighborhood of Palo Alto, less than a half mile from Stanford and surrounded by major tech companies and good jobs