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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 5,200,000

Est. payment | -/mo

4 Beds

4 Baths

6,300 SqFt

Save

$ 5,200,000

Est. payment | -/mo

Save

4 Beds

4 Baths

6,300 SqFt

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

Originating Board MLSListings, Inc.

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

Tax ID 003-03-018

Special Listing Condition Not Applicable

Listed by Jimmy Castellanos • Marcus & Millichap

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

827 University AVE Palo Alto, CA 94301