837 Cowper Street, Palo Alto, CA 94301
List Price: $11M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 12,830 sq ft
Property Type: ResidentialIncome
Year Built: 1961
Lot Size: 17,500 sq ft
Annual Property Tax: $137,500
MLS Number: ML82056833
About This Property
* 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.
Listing provided by: Monica Yeung Arima DRE #01185969 650 322-1800 myarima@gmail.com, Yarkin Realty
Source: CRMLS, MLS #: ML82056833