827 University Avenue, PALO ALTO, CA 94301 (MLS # ML81989705)
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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.
| LAST UPDATED | 1/8/2025 | YEAR BUILT | 1955 |
|---|---|---|---|
| GARAGE SPACES | 6.0 | COUNTY | Santa Clara |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Addison Elementary |
|---|---|
| Jr. High School | Frank S. Greene Middle |
| High School | Palo Alto High |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Frame |
| GARAGE | Attached Garage, Yes |
| HEAT | Central, Forced Air |
| LOT | 0.2893 acre(s) |
| LOT DIMENSIONS | 12600.00 |
| PARKING | Attached |
| SEWER | Public Sewer |
| WATER | Public |
| ZONING | RM3 |
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 1/16/25 5:46 AM PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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