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In-PersonVirtual Tour
$ 5,700,000
Est. payment | /mo
0.31 Acres Lot
$ 5,700,000
Est. payment | /mo
0.31 Acres Lot
Open House
Wed Jan 28, 12:00pm - 1:00pm
Fri Jan 30, 12:00pm - 1:00pm
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82031929
HOA Y/N No
Year Built 1956
Annual Tax Amount $69,410
Lot Size 0.310 Acres
Property Description
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 699 - Not Defined
Zoning RM3
Interior
Heating Forced Air
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 3
Roof Type Composition,Shingle
Total Parking Spaces 3
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 12005032
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "