251 Middlefield Road

Palo Alto, CA 94301

This distinctive Palo Alto property offers a rare combination of luxury residential accommodations, substantial finished bonus space, and flexibility for a variety of investment and owner-user strategies. Featuring seven luxury residences, from a studio to an expansive three-bedroom-plus-office penthouse, the property offers 6,000+ SF of residential space plus 3,000+ SF of finished basement bonus space. Renovated in 2019 with upscale kitchens, baths, and finishes throughout, the property currently operates with Blueground, offering established furnished housing and corporate rental potential. The finished basement, complete with kitchen and bathroom, provides flexibility for potential office use, collaborative workspace, or recreation. The unique configuration appeals to multifamily investors, corporate housing operators, technology companies seeking employee accommodations and workspace, and owner-users combining residential and business uses.

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