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$ 5,700,000
Est. payment | /mo
5 Beds
4 Baths
6,282 SqFt
$ 5,700,000
Est. payment | /mo
5 Beds
4 Baths
6,282 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Contingent
Purchase Type For Sale
Square Footage 6,282 sqft
Price per Sqft $907
Lot Size 0.310 Acres
MLS Listing ID ML82031929
Style Cottage
Bedrooms 5
Full Baths 4
Property Description
OFFER DATE: Thursday, 2/5 at 1:00 PM Marcus & Millichap is pleased to present 813 Cowper Street, an eight-unit multifamily property located in the heart of Downtown Palo Alto. Built in 1956, the property consists of three well maintained buildings with a total of eight units, including five large one bedroom apartments and three two bedroom residences. The front duplex features a two bedroom unit and a one bedroom unit, offering a more residential feel compared to a typical apartment layout. In addition, the property includes a charming cottage style unit that provides added privacy and character. Each unit is equipped with an unit washer and dryer, an amenity that is both rare and highly desirable in this submarket, along with garage and carport parking. With single family home values in the 94301 ZIP code averaging approximately $5.3 million according to Zillow, the property offers investors a compelling opportunity to acquire durable income and long term downside protection in one of the most supply constrained markets in the country.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning RM3
Interior
Heating Forced Air
Cooling Ceiling Fan, Central AC, Window / Wall Unit
1-purchase type For Sale
Exterior
Garage Assigned Spaces, Attached Garage, Carport
Garage Spaces 3
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 120-05-032
Security Features None
Special Sale Not Applicable
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Listed by Jimmy Castellanos of Marcus & Millichap
Bought with Jimmy Castellanos of Marcus & Millichap
Bought with Jimmy Castellanos of Marcus & Millichap
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