827 University AVE, Palo Alto, CA 94301
- $4,400,000
- 6,300
- SqFt
Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Jimmy Castellanos from M&MKW
- Sold Price
- $4,400,000
- List Price
- $4,995,000
- Closing Date
- Mar 26, 2025
- MLS#
- ML81989705
- Status
- SOLD
- Sqft. of Residence
- 6,300
- Lot Size
- 12,600
- Listing Area
- Crescent Park
- Year Built
- 1955
Property Description
RECENT $205K PRICE ADJUSTMENT! 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 $4,995,000, which equates to $713,571 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.
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Additional Information
- Acres
- 0.29
- Age
- 70
- Building Name
- University Apartments
- Cooling System
- Central AC, Window / Wall Unit
- Foundation
- Concrete Perimeter
- Garage Parking
- Assigned Spaces, Attached Garage
- Heating System
- Central Forced Air - Gas, Wall Furnace
- Living Area
- 6,300
- Lot Size
- 12,600
- Neighborhood
- Crescent Park
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Zoning
- RM3
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