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ActiveMulti-Family

$3,995,000

301 College Ave, Palo Alto 94306

Beds8
Baths6.5
Sqft4,290
DOM3
No Photos Available

AddressIntel AI Briefing

The optimal strategy is a high-end luxury remodel of the existing structure rather than a teardown, given the lack of SB 9 and ADU development pathways. The property's high lot coverage and lack of designated unlock pathways prevent typical density plays, leaving a premium interior and exterior repositioning as the most viable option. Active high-value permits in Palo Alto demonstrate a robust market for finished, top-tier luxury renovations.

Property Permit History

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

Recent Neighborhood Remodeling (Palo Alto)

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 • 180 EL CAMINO REAL, STE D87, PALO ALTO CA 94304
Revision-Building Permit
--In Plan Check
2026-10-21 • 409 SHERMAN AV, PALO ALTO CA 94306
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 • 317 SHASTA DR, PALO ALTO CA 94306
Revision-Building Permit
--In Plan Check
2026-10-21 • 2704 LOUIS RD, PALO ALTO CA 94303
Revision-Building Permit
--In Plan Check

Parcel & Zoning Info

APN12428016
Official Lot Sqft6,534
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

No
Not in a mapped liquefaction zone.

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

Escondido Elementary

Palo Alto Unified

0.8 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

0.9 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

71/100

Based on recent sales velocity and local demand in 94306.

Flippability Score

50/100

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

Bidding War Prob.

47%

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 8 recent multi-family sales in Palo Alto (94306): $758/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 50% of the 6,400 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$3,520,000
New Build6,400 sqft
Total Capital Required$7,690,000
Estimated Resale (ARV)$5,094,400
Cost of Sale (5%)-$254,720
Carry (33mo @ 7%)-$1,124,681
Net Proceeds$3,714,999

Projected Profit

-$3,975,001
-51.7% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Palo Alto 94306)

Sized to the modelled 6,400 sqft build: sales within 50% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

2110 Williams St

Sold
$2,500,000
Sold: 2026-10-07
Lot: 6,875
Sqft: 3298
$/Sqft: $758

201 Loma Verde Ave

Sold
$4,400,000
Sold: 2026-07-01
Lot: -
Sqft: 6983
$/Sqft: $630

College

Sold
$3,700,000
Sold: 2026-05-15
Lot: 7,500
Sqft: 4878
$/Sqft: $759

628 Colorado Ave

Sold
$3,050,000
Sold: 2026-04-08
Lot: 8,445
Sqft: 3822
$/Sqft: $798

2745 Byron St

Sold
$2,150,000
Sold: 2026-02-18
Lot: 9,624
Sqft: 4310
$/Sqft: $499

2735 Byron St

Sold
$2,625,000
Sold: 2026-02-05
Lot: 6,970
Sqft: 3263
$/Sqft: $804

4148-4150 Byron St

Sold
$2,860,000
Sold: 2026-01-21
Lot: 9,668
Sqft: 3401
$/Sqft: $841

330 Ventura Ave

Sold
$5,000,000
Sold: 2025-06-20
Lot: 19,734
Sqft: 8244
$/Sqft: $607