827 University AVE new Save Request In-Person Tour Request Virtual Tour
Palo Alto,CA 94301
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81989705
HOA Y/N No
Year Built 1955
Annual Tax Amount $61,962
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 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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM3
Interior
Heating Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 3
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 00303018
Special Listing Condition Standard