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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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220 College Avenue, Palo Alto – $3,800,000

  • $3.8M Price
  • .17 Acres
  • 5 DOM
  • $3.8M Price
  • .17 Acres
  • 5 DOM

220 College Avenue

220 College Avenue is an incredible opportunity to acquire a prime turn-key 6-unit apartment building in an outstanding Palo Alto location. (4) Two-Bedroom / One-Bath & (2) One-Bedroom / One-Bath, strategically positioned on a quiet cul-de-sac walking distance to all the shopping, dining & entertainment amenities of California Avenue. Strong in-place rents with best-in-class tenant profiles creating ability to add significant value with high-end renovations and achieve top market rents. All units have received some updates: 4 units have at least kitchen & bath updates and the other two have some interior updates. Many more updates to the major building systems: New Roof in 2023, Fully upgraded Electrical System (Main & Subpanels) in 2025, New Water Heater in 2022 and New Washer & Dryer in 2025, New Driveway Ramp - 2025. Dual pane windows throughout. Add ADU in tuck-under carport parking area! Ideal location in the epicenter of Silicon Valley, Evergreen Terrace neighborhood of Palo Alto, surrounded by major tech companies and good jobs. Within a ½ mile walk of: Stanford campus, California Ave, Caltrain Station, Peers Park, Jerry Bowden Park, Graduate housing, Sundance Steakhouse and other shopping and dining on El Camino Real, Stanford Business Park, Palo Alto High School

Essential Information

  • MLS® #ML82039963
  • Price$3,800,000
  • Bathrooms0.00
  • Acres0.17
  • Year Built1968
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address220 College Avenue
  • Area699 - Not Defined
  • CityPalo Alto
  • CountySanta Clara
  • Zip Code94306

Interior

  • HeatingWall Furnace
  • CoolingNone

Exterior

  • RoofComposition

School Information

  • DistrictPalo Alto Unified
  • ElementaryOther
  • MiddleOther
  • HighPalo Alto

Additional Information

  • Date ListedMarch 23rd, 2026
  • Days on Market5
  • ZoningR2

Listing Details

  • AgentBryan Danforth
  • OfficeCompass
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Bryan Danforth, Compass.

Based on information from California Regional Multiple Listing Service, Inc. as of March 28th, 2026 at 8:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.