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4250 El Camino Real B118, Palo Alto, CA 94306

List Price: $799,999On Market FlagOn market
Jun 2, 2025960 sqft2 beds1 baths
Listed by: Payne Sharpley
License #: 02195155
Phone #: 408-620-4372
Coldwell Banker Realty
Source:
CRMLS Logo
MLS #: ML81999686

Property Description

INCREDIBLE DEAL OPPORTUNITY, INSTANT EQUITY! THIS IS NOT A TEASER PRICE... FOR $800,000, OR $833.33 PER SQ. FT. OR HOW ABOUT EVEN BETTER AT $780,000!! 780K W/$3900 PER MO IN RENTAL INCOME - IS A CAP RATE OF 6% WHICH IS UNHEARD OF! Property was appraised in this year's tax assessment at $900,000. CALL PAYNE @ 408.620.4372 AND HE IS YOUR DEAL MAKER AND WILL. MAKE. IT. HAPPEN. 11 Additional highlights include in-unit laundry, a cozy fireplace, secure underground parking, and access to resort-style amenities such as a community pool and clubhouse. The Palo Alto Redwoods complex is beautifully maintained with mature redwoods and green space, creating a peaceful, park-like setting. HOA fee covers ALL water utilities, landscaping, community pool, sauna, and garbage. Located near top-rated schools, vibrant shopping and dining along El Camino, and major tech employers. Easy access to Stanford, Caltrain, and commuter routes.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,663

TurboHome Estimated Value

$922,100

$961 sqft

High Valuation
$968,205
$1009/sqft
Normal Valuation
$922,100
$961/sqft
Low Valuation
$875,995
$912/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$961/sqft$922,100

Neighborhood

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Comparative Value

$800K

$1.03M

$1.10M

$1.18M

$1.22M

4250 El Camino Real B118, Palo Alto, CA 94306

List Price: $799,999

Subject Property

4250 El Camino Real A301, Palo Alto, CA 94306

Sale Price: $800,000

Selected Comparable

1070 Mercedes Ave 8, Los Altos, CA 94022

Sale Price: $1,030,000

Selected Comparable

1070 Mercedes Ave 10, Los Altos, CA 94022

Sale Price: $1,100,000

Selected Comparable

4250 El Camino Real B417, Palo Alto, CA 94306

Sale Price: $1,178,500

Selected Comparable

4388 El Camino Real 148, Los Altos, CA 94022

Sale Price: $1,222,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
4250 El Camino Real B118, Palo Alto, CA 94306

4250 El Camino Real B118, Palo Alto, CA 94306

List: $799,999

Listed: 6/2/2025

Area:960 sqft
Price/sqft:$833
Beds:2
Baths:1
Year Built:
Lot Size:960

Comparable Properties

COMPARABLE
Choose comps
4250 El Camino Real A301, Palo Alto, CA 94306

4250 El Camino Real A301, Palo Alto, CA 94306

Sale: $800,000

6/2/20250.00 mi

Area:885 sqft
Price/sqft:$904
Beds:2
Baths:1
Year Built:
Weight:23.9%
1070 Mercedes Ave 8, Los Altos, CA 94022

1070 Mercedes Ave 8, Los Altos, CA 94022

Sale: $1,030,000

6/16/20250.38 mi

Area:960 sqft
Price/sqft:$1,073
Beds:2
Baths:2
Year Built:
Weight:21.7%
1070 Mercedes Ave 10, Los Altos, CA 94022

1070 Mercedes Ave 10, Los Altos, CA 94022

Sale: $1,100,000

1/2/20250.38 mi

Area:960 sqft
Price/sqft:$1,146
Beds:2
Baths:2
Year Built:
Weight:20.2%
4250 El Camino Real B417, Palo Alto, CA 94306

4250 El Camino Real B417, Palo Alto, CA 94306

Sale: $1,178,500

11/15/20240.00 mi

Area:1,141 sqft
Price/sqft:$1,033
Beds:2
Baths:2
Year Built:
Weight:17.7%
4388 El Camino Real 148, Los Altos, CA 94022

4388 El Camino Real 148, Los Altos, CA 94022

Sale: $1,222,000

1/18/20250.30 mi

Area:1,200 sqft
Price/sqft:$1,018
Beds:2
Baths:2
Year Built:
Weight:16.5%

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