Active
827 University AVE
PALO ALTO CA, 94301
$5,200,000
$825.40 per sqft
Active
6,300 sqft
Multi-family
Built in 1955
Listed by Marcus & Millichap, Jimmy Castellanos, Listing Contact: 4084835040
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.
ML81989705
MLSⓇ ID
January 8, 2025
Listed
January 18, 2025
Updated
Map
827 University AVE
PALO ALTO CA, 94301
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.29 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
Palo Alto Unified
High School
Palo Alto High
Elementary School
Addison Elementary
Other Property Details
Area Name
Crescent Park
Garage
Yes
Garage Spaces
6
Parking
Attached
Parking Total
3
View
No
County
Santa Clara
Water Source
Public
Pool
No
Zoning
RM3
Open House Schedule
Wed, Jan 22nd
12:00 PM - 1:00 PM PST
Fri, Jan 24th
12:00 PM - 1:00 PM PST
Listed by Marcus & Millichap, Jimmy Castellanos,
Listing Contact: 4084835040
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Maria Afzal | CA DRE# 02026802 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 12:37 AM UTC, 1/18/2025