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827 University Avenue

Palo Alto, CA 94301

$5,200,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1955

calendar_month Built

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 a1900s-era mansion, converted over the past sixty years into a duplex, and five additional one-bedroom units built in 1955. The front mid-century structure 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 a property in Palo Alto at a fraction of the cost of local single-family homes.

Listing Information

List Price $5,200,000
Status Active
MLS ML81989705
HOA $0
Type Commercial
Year Built 1955
Lot Size 12,600
Structure Size N/A
Courtesy Of Marcus & Millichap
Listing Agent Jimmy Castellanos DRE#02024152

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)

Exterior Information

Maps

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Listing information courtesy of: Jimmy Castellanos, Marcus & Millichap 408-483-5040. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 9th, 2025 at 2:38 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.