837 Cowper Street,Palo Alto, CA 94301
Palo Alto, CA 94301
Description
* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.
Details
| MLS # | ML82056815 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 23 |
| Listing Provided By | Yarkin Realty | Monica Yeung Arima |
Features
| SQ Feet | 12,830 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | RM20 |
| Acreage | 0.40 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Construction Materials | Concrete |
Taxes
| Property | 137500 |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94301 |
| Area | 699 Not Defined |
| Listing VS Median (in 94301) | |
Price: $11,000,000 low | high Med: $3,725,000 sqft: 12,830 low | high Med: 2,574 $ / sqft: $857 low | high Med: $1,448 On site: 23 low | high Med: 52 | |
Market Activity 94301
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94301 |
| Area | 699 Not Defined |
| Listing VS Median (in 94301) | |
Price: $11,000,000 low | high Med: $3,725,000 sqft: 12,830 low | high Med: 2,574 $ / sqft: $857 low | high Med: $1,448 On site: 23 low | high Med: 52 | |
 | $10,500,000530 Webster StreetPalo Alto, CA 94301 |