837 Cowper Street, Palo Alto, CA 94301
- $11,000,000
- 12,830
- SqFt
- List Price
- $11,000,000
- Status
- ACTIVE
- MLS#
- ML82056833
- Year Built
- 1961
- Living Sq. Ft
- 12,830
- Lot Size
- 17,500
- Acres
- 0.40
- Days on Market
- 1
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Mixed Use
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.
Additional Information
- Taxes
- $137,500
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Disposal, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan
- Cooling
- Yes
- Cooling Description
- None
- View
- City Lights
- Exterior Construction
- Concrete
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palo Alto Unified
- Elementary School
- Other
- Middle School
- Other
- High School
- Palo Alto
- Attached Structure
- Detached
- Gross Scheduled Income
- $707,100
Listing courtesy of Listing Agent: Monica Yeung Arima (myarima@gmail.com) from Listing Office: Yarkin Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.