827 University Avenue , Palo Alto, CA 94301
Palo Alto, CA 94301
Description
Introducing an extraordinary opportunity to acquire a rare seven-unit multifamily community within walking distance of vibrant Downtown Palo Alto. The property comprises a 1900s-era mansion, converted over the past sixty years into a duplex, and five additional one-bedroom units built in 1955. The front mansion includes a large two-bedroom, one-bathroom unit, and a large three-bedroom, two-bathroom unit, each rich in character and offering tenants a unique living experience. In the back, the five one-bedroom units provide cozy, private living spaces. The property also offers six private garages, three private backyards, and multiple storage units, enhancing its appeal and functionality. At a listing price of $5,200,000, which equates to $742,857 per unit, this is a rare opportunity to acquire residential units in Palo Alto at a fraction of the cost of local single-family homes.
Details
| MLS# | ML81989705 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 8 |
| Listing Provided By | Marcus & Millichap (650) 391-1700 | Jimmy Castellanos |
Features
| SQ Feet | 6,300 |
|---|---|
| Building(s) | 2 |
| Zoning | RM3 |
| Acreage | 0.29 |
Market Activity 94301
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94301 |
| Area | 699 Not Defined |
| School District | Palo Alto Unified |
| Elementary School | Other |
| Middle School | Other |
| High School | Palo Alto |
| Listing VS Median (in 94301) | |
Price: $5,200,000 low | high Med: $4,249,000 SqFt: 6,300 low | high Med: 2,283 $ / SqFt: $825 low | high Med: $1,880 On Site: 8 low | high Med: 486.500000 | |