837 Cowper St, Palo Alto, CA 94301
- $11,000,000
- 12,830
- SqFt
- List Price
- $11,000,000
- MLS#
- 82056833
- Property Type
- Multifamily
- Sqft. of Residence
- 12,830
- Lot Size
- 17,500
- Region
- Downtown Palo Alto
- Status
- ACTIVE
- County
- Santa Clara
- Acres
- 0.40
- Year Built
- 1961
- Parking Spaces
- 15
Property 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.
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Additional Information
- Foundation
- Concrete Perimeter, Slab
- Living Area
- 12,830
- Lot Size
- 17,500
- Possession
- Close Of Escrow
- Region
- Downtown Palo Alto
- Roof
- Composition, Shingle
- Style
- Traditional
- Utilities
- Cable Available, DSL Available
- View
- City, Downtown
- Zoning
- RM20
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Listing courtesy of Yarkin Realty.
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