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ActiveMulti-Family

$3,098,000

Everett, Palo Alto 94301

Beds2
Baths3
Sqft3,540
DOM0
No Photos Available

AddressIntel AI Briefing

A very high entry price coupled with small lot sizes and a liquefaction hazard limits the scope of this project. With SB 9 pathways not applicable, a high-end historic interior remodel represents the only logical investment path.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Palo Alto)

2026-10-21 • 409 SHERMAN AV, PALO ALTO CA 94306
Project - Building Permit
--In Plan Check
2026-10-21 • 180 EL CAMINO REAL, STE AA1020, PALO ALTO CA 94304
Project - Building Permit
--In Plan Check
2026-10-21 • 882 EMERSON ST, STE C, PALO ALTO CA 94301
Project - Building Permit
--In Plan Check
2026-10-21 • 725 GUINDA ST, PALO ALTO CA 94301
Roof: Like for like re-roof, only one structure per permit (detached single-family and duplex only, non-historic property)
--Permit Issued
2026-10-21 • 3415 HILLVIEW AV, PALO ALTO CA 94304
Project - Building Permit
--Submitted
2026-10-21 • 176 WAVERLEY ST, PALO ALTO CA 94301
Project - Building Permit
--In Plan Check

Parcel & Zoning Info

APN12025066
Official Lot Sqft3,920
Zoning Code--
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

Addison Elementary

Palo Alto Unified

0.7 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

1.7 miles away
High School

Palo Alto High

Palo Alto Unified

0.8 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

81/100

Based on recent sales velocity and local demand in 94301.

Flippability Score

35/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

38%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Median of 4 recent multi-family sales in Palo Alto (94301): $965/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 5,300 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.

Hard Costs$2,915,000
New Build5,300 sqft
Total Capital Required$6,188,000
Estimated Resale (ARV)$5,368,900
Cost of Sale (5%)-$268,445
Carry (33mo @ 7%)-$893,778
Net Proceeds$4,206,678

Projected Profit

-$1,981,323
-32.0% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Palo Alto 94301)

Sized to the modelled 5,300 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

325 Hawthorne Ave

Sold
$10,150,000
Sold: 2026-05-15
Lot: 10,070
Sqft: 5245
$/Sqft: $1,935

Cowper

Sold
$5,700,000
Sold: 2026-04-17
Lot: 13,500
Sqft: 6282
$/Sqft: $907

628 Waverley St

Sold
$4,295,000
Sold: 2026-01-27
Lot: 5,274
Sqft: 4200
$/Sqft: $1,023

500 Palo Alto Ave

Sold
$4,750,000
Sold: 2025-12-23
Lot: 14,619
Sqft: 6442
$/Sqft: $737