Home | Santa Clara County | Palo Alto | 94306 | 1341 Stanford Ave
MLS: ML81921599 | Status: | Price: $7,032,319
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,490 | 0.755 | 1939 |
Once-in-a-lifetime opportunity to acquire an irreplaceable asset in Palo Alto (next to Stanford Univ.). 1341 Stanford (7 Homes), 2050 Hanover (6 Homes) available separately or together (13 Detached Homes). Individually-addressed, detached rental homes w/ front & backyards command higher rents compared to Apts. Low Operating Expense (tenants pay all utilities), low maintenance costs, and headache-free, easy management. Current CAP Rate (Avg Rent @ $3.4/SF): 2.11%/Current GRM: 25.7 AND Pro-Forma CAP Rate (Avg Rent @ $5/SF): 3.76%/Pro-Forma GRM: 17.6. High-End Remodel (Avg Rent @ $6/SF) CAP Rate: 4.77%/Pro-Forma GRM: 15.1. Cost/SF: $1,056/SF / Investors may consider modifying floorplans (add bedrooms & bath) and conduct high-end renovations of kitchen, bathrooms & fence up private backyards to achieve even higher rents. Potential for adding SF/expansion at back of property, also ADUs. Oversized Parcels offer tremendous future potential/possibilities. Co-Listed w/ Mark Zamudio
| Field | Value |
|---|---|
| MLS # | ML81921599 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Pantry |
| Appliances | Dishwasher, Oven Range, Washer/Dryer |
| Flooring | Hardwood |
| Cooling | Central Forced Air, Central Forced Air - Gas |
| Heating | Central Forced Air - Gas, Fireplace |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Foundation | Crawl Space |
| Feature | Details |
|---|---|
| Garage/Parking | Detached, Off-Street Parking, Garage: 7 Car(s) |
| Elementary District | Palo Alto Unified |
| High School District | Palo Alto Unified |
| Sewer | Public Sewer |
| Water | Public |
| Complex Amenities | Additional Storage |
| Zoning | R1 |
Don Sung
Colliers Parrish International
License #: 01935797
Phone: (650) 380-5188
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | 7 | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 830 | 1 | 1/0 | $2,650 | $3,295 | 3 |
| 2 | 979 | 2 | 1/0 | $3,495 | $3,495 | 1 |
| 3 | 1,007 | 2 | 1/0 | $3,100 | $3,595 | 3 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 31, 2026. For the most current information, please contact Don Sung, (650) 380-5188.