Listed by Philip Batlin • Marcus & Millichap
Bought with Karen Zeng • Compass
Bought with Karen Zeng • Compass
$2,700,000
$2,850,000 5.3%
Est. payment /mo
4 Beds
4 Baths
3,186 SqFt
Sold on 05/09/2025
474 Matadero AVE Palo Alto, CA 94306
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Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $847
MLS Listing ID ML81994098
Sold Date 05/09/25
Bedrooms 4
Full Baths 4
Year Built 1950
Lot Size 5,227 Sqft
Property Sub-Type Fourplex
Property Description
474 Matadero Ave, a meticulously maintained 4-unit multifamily property in the vibrant heart of Palo Alto. Each of the four units features a spacious one-bedroom layout. With a building size of 3,185 square feet and a lot size of 5,397 square feet, there is ample room for tenants to enjoy. Two units have been recently and extensively renovated, offering a contemporary feel and the option to convert them into two-bedroom units for increased rental income. Additionally, parking space for all units provides convenient access and adds to the property's overall appeal. The property includes a range of capital improvements, such as new dual-pane windows for greater energy efficiency, updated electrical systems for modern convenience, and tankless water heaters in select units. All units also feature in-unit laundry facilities, further adding to the comfort and convenience for residents. Situated in a premier location, just steps from Downtown Palo Alto and Stanford University, this property offers exceptional proximity to top rated schools, vibrant shopping and dining areas, and major tech campuses. Surrounded by many top tech employers, the property benefits from a dynamic and high-demand neighborhood.
Location
State CA
County Santa Clara
Area Ventura
Zoning RM4
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Wood Shakes / Shingles
Building
Story 2
Foundation Wood Frame
Sewer Sewer - Public
Water Private / Mutual
Level or Stories 2
Others
Tax ID 132-40-011
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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