Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81989705
MLS Source
MLSListings, Inc.
Days on Site
1
Interior Features
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air - Gas, Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Attached Garage, Garage: 6 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Public Sewer
Water
Public
Zoning
RM3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 7 | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 1 | 1/0 | $2,862 | – | 1 |
| 2 | 650 | 1 | 1/0 | $2,754 | – | 1 |
| 3 | 650 | 1 | 1/0 | $2,646 | – | 1 |
| 4 | 650 | 1 | 1/0 | $2,808 | – | 2 |
| 5 | 1,450 | 2 | 1/0 | $4,320 | – | 1 |
| 6 | 1,600 | 3 | 2/0 | $4,795 | – | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
827 University Ave is a Residential Income in Palo Alto, CA 94301. This 6,300 square foot property sits on a 0.289 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,200,000 and was built in 1955. This address can also be written as 827 University Ave, Palo Alto, CA 94301.
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This listing information is up-to-date as of January 09, 2025. For the most current information, please contact Jimmy Castellanos, (408) 483-5040
