Bought with Jimmy Castellanos • Marcus & Millichap
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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
Broker Associate | License ID: 01157620
Broker Associate License ID: 01157620

