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.
Property Details
Property Features
Property Information:
Year Built: 1950
Stories: 2
Living Area: 3,186 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (650) 391-1700
Listing Agent: Philip Batlin
Interior Features
Interior Information:
Flooring Type: Laminate
Exterior Features
Parking Information:
Parking: Carport
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $2,998,000
Price Per SqFt: $941/SqFt
Tax Information:
Annual Amount: $29,133
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Palo Alto, CA.
This property is $241K less than the Median Sold Price and $827/SqFt less than other homes in Palo Alto, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #ML81977171
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (650) 391-1700
Listing Agent: Philip Batlin
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/24/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 17, 2015
Mar 17, 2015Home Sold
$21,500
Sep 16, 2014
Sep 16, 2014Home Sold
$2,150,000
Sep 29, 1992
Sep 29, 1992Home Sold
$335,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$29,133
$2,417,078
2020
$29,133
$2,392,295
2019
$27,687
$2,342,388
2018
$27,687
$2,270,970
2017
$27,202
$2,226,442
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
El Carmelo Elementary School
3024 Bryant St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
7
/10
Barron Park Elementary School
800 Barron Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-5
8
/10
Juana Briones Elementary School
4100 Orme St
Distance between this listing and this school0.90 miles
Public District Grades KG-5
Nearby Schools
8
/10
Jane Lathrop Stanford Middle School
480 E Meadow Dr
Distance between this listing and this school0.86 miles
Public District Grades 6-8
8
/10
Ellen Fletcher Middle School
655 Arastradero Rd
Distance between this listing and this school1.25 miles
Public District Grades 6-8
8
/10
Frank S. Greene Jr Middle School
750 N CA Ave
Distance between this listing and this school1.32 miles
Public District Grades 6-8
Nearby Schools
9
/10
Henry M. Gunn High School
780 Arastradero Rd
Distance between this listing and this school1.31 miles
Public District Grades 9-12
9
/10
Palo Alto High School
50 Embarcadero Rd
Distance between this listing and this school1.73 miles
Public District Grades 9-12
9
/10
Los Altos High School
201 Almond Ave
Distance between this listing and this school2.68 miles
The neighbors living near this home have an average income of $82,181. The majority of Palo Alto, CA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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This home is located at 474 Matadero Ave in Palo Alto, CA and zip code 94306 in the Ventura neighborhood. This 3,186 square foot home, which was built in 1950, sits on a 0.12 acre lot. It has been listed on Rocket Homes since August 17, 2024 and is currently priced at $2,998,000.
In October 2024 more than 33 listings in Palo Alto, CA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 16 were sold below. Between September 2024 and October 2024, Palo Alto, CA real estate market has seen increase in the number of listings by 8%. Listings spent 19 days on the market in October 2024, and had a median list price of $3,239,033 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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