827 University AVE Open House Save Request In-Person Tour Request Virtual Tour
Palo Alto,CA 94301
OPEN HOUSE
Fri Jan 31, 10:00am - 11:00am
Key Details
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,300 sqft
Price per Sqft $825
MLS Listing ID ML81989705
Bedrooms 4
Full Baths 4
Year Built 1955
Lot Size 0.289 Acres
Property 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.
Location
State CA
County Santa Clara
Area Crescent Park
Zoning RM3
Interior
Heating Central Forced Air - Gas,Wall Furnace
Cooling Central AC,Window / Wall Unit
Exterior
Parking Features Assigned Spaces,Attached Garage
Garage Spaces 3.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable