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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Monica Yeung Arima • Yarkin Realty, DRE#01185969

$11,000,000

Est. payment - /mo

5 Beds

4 Baths

12,830 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 12,830 sqft

Price per Sqft $857

MLS Listing ID ML82056815

Style Traditional

Bedrooms 5

Full Baths 4

Year Built 1961

Lot Size 0.402 Acres

Property Sub-Type Five or More Units

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.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM20

Rooms

Other Rooms Laundry Room, Storage

Kitchen Appliances - Vary by Unit, Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven - Self Cleaning, Oven Range - Electric, Refrigerator

Interior

Heating Central Forced Air - Gas

Cooling None

Flooring Carpet, Hardwood, Laminate, Stone, Tile, Vinyl / Linoleum

Laundry Coin Operated, Washer / Dryer, Washer/Dryer - Some Units

Exterior

Exterior Feature Back Yard, Balcony / Patio, Deck , Drought Tolerant Plants, Fenced, Sprinklers - Auto, Sprinklers - Lawn, Storage Shed / Structure

Parking Features Carport , Covered Parking, Electric Car Hookup, Lighted Parking Area, Off-Street Parking, Parking Area, Parking Restrictions

Community Features BBQ Area, Garden / Greenbelt / Trails

Utilities Available Public Utilities

View City, Downtown

Roof Type Composition,Shingle

Building

Lot Description Regular

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions No Waterbeds,Parking Restrictions,Pets - Cats Permitted,Pets - Number Restrictions

Tax ID 120-05-030

Miscellaneous Walk-in Closet

Security Features Security Fence

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

837 Cowper ST Palo Alto, CA 94301

Matt Cossell

Key Details

Location

Rooms

Interior

Exterior

Building

Others