57
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$11,000,000
Est. payment /mo
0.4 Acres Lot
New
837 Cowper ST Palo Alto, CA 94301
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82056815
HOA Y/N No
Year Built 1961
Annual Tax Amount $137,500
Lot Size 0.402 Acres
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM20
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 15
Roof Type Composition,Shingle
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Palo Alto
School District Palo Alto Unified
Others
Tax ID 12005030
Special Listing Condition Standard
Virtual Tour https://bayarea.reelandshutter.com/837-Cowper-Street
Listed by Monica Yeung Arima Yarkin Realty #01185969
NEARBY SCHOOL & BUSINESS
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