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Eric Boyenga

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

Listed by Jimmy Castellanos • Marcus & Millichap

$ 5,700,000

Est. payment | -/mo

5 Beds

4 Baths

6,282 SqFt

Save

$ 5,700,000

Est. payment | -/mo

Save

5 Beds

4 Baths

6,282 SqFt

Open House

Wed Jan 28, 12:00pm - 1:00pm

Fri Jan 30, 12:00pm - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,282 sqft

Price per Sqft $907

MLS Listing ID ML82031929

Style Cottage

Bedrooms 5

Full Baths 4

Year Built 1956

Lot Size 0.310 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Marcus & Millichap is pleased to present 813 Cowper Street, an eight-unit multifamily property located in the heart of Downtown Palo Alto. Built in 1956, the property consists of three well maintained buildings with a total of eight units, including five large one bedroom apartments and three two bedroom residences. The front duplex features a two bedroom unit and a one bedroom unit, offering a more residential feel compared to a typical apartment layout. In addition, the property includes a charming cottage style unit that provides added privacy and character. Each unit is equipped with an unit washer and dryer, an amenity that is both rare and highly desirable in this submarket, along with garage and carport parking. With single family home values in the 94301 ZIP code averaging approximately $5.3 million according to Zillow, the property offers investors a compelling opportunity to acquire durable income and long term downside protection in one of the most supply constrained markets in the country.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM3

Interior

Heating Forced Air

Cooling Ceiling Fan, Central AC, Window / Wall Unit

Laundry Washer / Dryer

Exterior

Parking Features Assigned Spaces, Attached Garage, Carport

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Architectural Style Cottage

Others

Tax ID 120-05-032

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

813 Cowper ST Palo Alto, CA 94301