Santa Clara County  »  94301  »  University Ave  »  488 University Ave

President Hotel - 488 University Avenue, Palo Alto, CA 94301 - Property report

Also known as: 488 University Ave

Property image for President Hotel - 488 University Avenue, Palo Alto, CA 94301
static Mapbox map

Property type

Multi-Family (SCILSM)

Year built

1929

Acreage

0.22

Sale price

$65,000,000

General Information

Address
Primary address
488 University Ave
Palo Alto, CA 94301
Zip code
94301
Neighborhood
University South
County
Santa Clara
Municipality
Palo Alto
Parcel ID
120-15-071

Owner

Find out who owns President Hotel - 488 University Avenue, Palo Alto, CA 94301. Uncover corporate and individual owners with a free account.

Sales
Sale date
06/15/2018
Sale price
$65,000,000
Arm's length
Tax
Tax year
2025-2026
Property tax
$803,895
Building
Property type
Multi-Family
Building sq. ft.
45,870
Stories
6
Year built
1929
Lot
Acreage
0.22
Lot sq. ft.
9,606
Zoning & use
Zoning
Qualified opportunity zone
Units
100

Area overview

Walk score
94 /100.  Walker's Paradise
Transit score
55 /100.  Good Transit
Bike score
99 /100.  Biker's Paradise
Ownership

Ownership information for President Hotel - 488 University Avenue, Palo Alto, CA

Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for President Hotel - 488 University Avenue, Palo Alto, CA 94301

Sale date Sale price Buyer name Seller name
06/15/2018 $65,000,000 XXXX XXXXX XXX XXXXXXXXXX XXXXXXXXX XXXXXXXXXX XX

*Most recent sale on record for this property.

More about Santa Clara County property records.

Title documents

Date Type Amount Party 1 Party 2
09/24/2025 Reconveyance
Substitution Trustee		 XXXXXX XXXXXXX XXXXXXXXXXX XXXX XXXXX XXX
09/24/2025 Agreement
Assignment of Rents and Leases
Fixture Filing
Subordination Agreement		 XXXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
09/24/2025 Assignment of Rents and Leases XXXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
09/24/2025 Agreement
Assignment of Rents and Leases
Deed of Trust
Fixture Filing
Ucc - Financing Statement		 XXXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
09/24/2025 Lease XXXX XXXXX XXX XXXX XXXXXX XXX
05/30/2024 Amendment/Modification Deed of Trust XXXX XXXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
06/08/2023 Agreement
Assignment of Rents and Leases
Fixture Filing
Subordination Agreement		 XXXXXX XXXXXXX XXXXXXXXXXX XXXXXX XXXXXXX XXXXXXXXXXX
06/08/2023 Assignment of Rents and Leases XXXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
06/08/2023 Agreement
Assignment of Rents and Leases
Deed of Trust
Fixture Filing
Ucc - Financing Statement		 XXXX XXXXX XXX XXXXXX XXXXXXX XXXXXXXXXXX
06/08/2023 Ucc - Financing Statement - Termination XXX XXXXXXXXX XXX XXX XXXX XXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for President Hotel - 488 University Avenue, Palo Alto, CA

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$803,895
Recent tax assessments
Market value
$66,918,748
Land value
$55,753,641
Building value
$11,165,107

More about Santa Clara County property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Assessed value Tax rate Property tax Y-o-Y change
2025-2026 $66,918,748 1.2013 $803,895 +15.44%
2024-2025 $59,303,277 1.1743 $696,398 -20.90%
2023-2024 $74,583,155 1.1804 $880,380 +3.59%
2022-2023 $71,389,336 1.1905 $849,890 +4.33%
2021-2022 $68,429,235 1.1904 $814,582 +2.12%
2020-2021 $67,764,907 1.17716 $797,701 +1.34%
2019-2020 $66,277,509 1.18772 $787,191 +677.93%
2018-2019 $8,595,467 1.1773 $101,191 +1.77%
2017-2018 $8,427,362 1.1798 $99,429 +2.66%
2016-2017 $8,262,553 1.1722 $96,854 +0.95%
Permits

Permit information for President Hotel - 488 University Avenue, Palo Alto, CA

Issued date Permit number Permit type Sub type Valuation Finaled date Status
10/15/2025
09/16/2025
12/04/2024
10/27/2023
08/18/2023

*Most recent permits on record for this property.

Neighborhood

Demographics by ZIP code

Total population
17,508
Median age
46.7
Average household income
$342,324
Family households
61.6%
People per household (average)
2.4
Occupied housing units
7,167
Owner-occupied units
53.0%
Median year structure built
1957
Median value mortgaged units
$2,000,001
Median value unmortgaged units
$2,000,001

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

FEMA flood zones
0.2
Landslides and liquefaction map

Fire hazard zones

Faults and tsunami inundation zones map

Transportation

Daily traffic map
View daily traffic map

Access the detailed traffic volume map for President Hotel - 488 University Avenue, Palo Alto, CA 94301 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity.

Neighbors for President Hotel - 488 University Avenue, Palo Alto, CA

467 Hamilton Ave, Palo Alto 510 Waverley St, Palo Alto 486 Hamilton Ave, Palo Alto 300 University Ave, Palo Alto 340 Cowper St, Palo Alto 550 Waverley St, Palo Alto 318 University Ave, Palo Alto 422 Waverley St, Palo Alto 436 Waverley St, Palo Alto 370 University Ave, Palo Alto 560 Waverley St, Palo Alto 730 Waverley St, Palo Alto 734 Waverley St, Palo Alto 333 Kipling St, Palo Alto 443 Kipling St, Palo Alto 315 Hamilton Ave, Palo Alto 400 Forest Ave, Palo Alto 328 Cowper St, Palo Alto 535 Bryant St, Palo Alto 463 Lytton Ave, Palo Alto

Nearby ZIP codes for President Hotel - 488 University Avenue, Palo Alto, CA

94022, Santa Clara County, CA 94024, Santa Clara County, CA 94041, Santa Clara County, CA 94043, Santa Clara County, CA 94303, Santa Clara County, CA 94305, Santa Clara County, CA 94555, Alameda County, CA 94560, Alameda County, CA

Frequently asked questions

What is the year built for President Hotel - 488 University Avenue, Palo Alto, CA 94301?

The development at President Hotel - 488 University Avenue, Palo Alto, CA 94301 was built in 1929.

What is the total square footage of President Hotel - 488 University Avenue, Palo Alto, CA 94301?

President Hotel - 488 University Avenue, Palo Alto, CA 94301 has a total of 45,870 square feet.

When was President Hotel - 488 University Avenue, Palo Alto, CA 94301 last sold and what was the sale price?

President Hotel - 488 University Avenue, Palo Alto, CA 94301 was last sold on 06/15/2018 for $65,000,000.

What is the assessed value of President Hotel - 488 University Avenue, Palo Alto, CA 94301?

President Hotel - 488 University Avenue, Palo Alto, CA 94301 is currently assessed at $66,918,748.

What are the property taxes for President Hotel - 488 University Avenue, Palo Alto, CA 94301?

The property taxes for President Hotel - 488 University Avenue, Palo Alto, CA 94301 total $803,894.

How many residential units does this building have?

This building has 75 residential unit(s).

Disclaimer

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