Palo Alto, CA 94301,827 University Avenue
Listed by Jimmy Castellanos • Marcus & Millichap
Bought with Jimmy Castellanos • Marcus & Millichap
$4,400,000
Est. payment /mo
$4,995,000
11.9%
Est.Price: ?

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6,300 SqFt
SOLD DATE : 03/26/2025

Key Details

Sold Price $4,400,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,300 sqft

Price per Sqft $698

MLS Listing ID ML81989705

Sold Date 03/26/25

HOA Y/N No

Year Built 1955

Lot Size 0.289 Acres

Property Sub-Type Other

Source Datashare MLSListings

Property Description

RECENT $205K PRICE ADJUSTMENT! 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 $4,995,000, which equates to $713,571 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

Interior

Heating Forced Air, Wall Furnace

Fireplace No

Building

Water Public

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Mike Fowler

Mike Fowler

+1(925) 922-2011

Broker Associate | License ID: 01157620

Broker Associate License ID: 01157620

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