Open House: Wed, Jan 22nd 12:00 PM - 1:00 PM PST

Active

827 University Avenue

Palo Alto CA, 94301

$5,200,000


$825.40 per sqft

Active

6,300 sqft

Other

Built in 1955

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 Avenue
Palo Alto CA, 94301

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Wall Furnace

Exterior/Building Features

Lot Size

0.29 Acres


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Palo Alto


Garage

Yes


Parking

Attached, Assigned


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 Jimmy Castellanos with Marcus & Millichap
Listing Contact: 408-483-5040 

Bay East  ©2025 CCAR  ©2025. bridgeMLS  ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5:07 AM UTC, 1/18/2025.

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