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Eric Sandate

eric@bycoe.com +1(650) 576-5580

$ 5,200,000

Est. payment | -/mo

4 Beds

5 Baths

6,300 SqFt

Save

$ 5,200,000

Est. payment | -/mo

Save

4 Beds

5 Baths

6,300 SqFt

OPEN HOUSE

Fri Jan 31, 10:00am - 11:00am

Key Details

Property Type Commercial

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 5

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

Building/Complex Name University Apartments

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 6.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 003-03-018

Security Features None

Special Listing Condition Not Applicable

Listed by Jimmy Castellanos • Marcus & Millichap

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 576-5580

eric@bycoe.com

1641 Laurel St, San Carlos, California, 94070, USA

827 University AVE Palo Alto, CA 94301

Eric Sandate

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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827 University AVE