827 University AVE Active Save Request In-Person Tour Request Virtual Tour
Palo Alto,CA 94301
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 Sub-Type Five or More Units
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