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Eric Boyenga

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

Listed by Monica Yeung Arima, DRE #01185969 • Yarkin Realty

$ 11,000,000

Est. payment | -/mo

5 Beds

4 Baths

12,830 SqFt

Save

$ 11,000,000

Est. payment | -/mo

Save

5 Beds

4 Baths

12,830 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 12,830 sqft

Price per Sqft $857

MLS Listing ID ML82056833

Style Traditional

Bedrooms 5

Full Baths 4

Year Built 1961

Lot Size 0.402 Acres

Property Sub-Type Multiple Dwellings / Structures

Source MLSListings, Inc.

Property Description

* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM20

Rooms

Kitchen Appliances - Vary by Unit, Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven - Self Cleaning, Oven Range - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas

Cooling None

Flooring Carpet, Hardwood, Laminate, Stone, Tile, Vinyl / Linoleum

Laundry Coin Operated, Washer / Dryer, Washer/Dryer - Some Units

Exterior

Parking Features Assigned Spaces, Carport , Covered Parking, Lighted Parking Area, Off-Street Parking, Parking Area, Parking Restrictions

Utilities Available Public Utilities

View City, Downtown

Roof Type Composition,Shingle

Building

Lot Description Regular

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Architectural Style Traditional

Others

Tax ID 120-05-0300

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

837 Cowper ST Palo Alto, CA 94301