837 Cowper ST, Palo Alto, CA 94301
- $11,000,000
- 12,830
- SqFt
- List Price
- $11,000,000
- MLS#
- ML82056833
- Status
- ACTIVE
- Zoning
- RM20
- Sqft. of Residence
- 12,830
- Listing Area
- Downtown Palo Alto
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
- Age
- 65
- Amenities
- Walk-in Closet
- Cooling System
- None
- Energy Features
- Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Energy Star Lighting, Low Flow Shower, Low Flow Toilet, Thermostat Controller
- Floor Covering
- Carpet, Hardwood, Laminate, Stone, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces, Carport, Covered Parking, Lighted Parking Area, Off-Street Parking, Parking Area, Parking Restrictions
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Coin Operated, Washer / Dryer, Washer/Dryer - Some Units
- Living Area
- 12,830
- Lot Description
- Regular
- County
- Santa Clara
- Neighborhood
- Downtown Palo Alto
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Special Features
- Parking
- Style
- Traditional
- View
- City, Downtown
- Zoning
- RM20
Mortgage Calculator
Listing courtesy of Monica Yeung Arima from Yarkin Realty. 650-888-4116
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