$11,000,000
( $857.37Per Sq Foot )
 $59,050 est/mo Sourced by Back At You

837 Cowper Street,Palo Alto, CA 94301

Palo Alto, CA 94301

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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.

Details

MLS #ML82056815
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site23
Listing Provided ByYarkin Realty | Monica Yeung Arima

Features

SQ Feet12,830
Car PortYes
Building(s)1
ZoningRM20
Acreage0.40

Interior

CoolingNone
Cooling Yes / NoYes

Exterior

RoofComposition, Shingle
Construction MaterialsConcrete

Taxes

Property137500

Area Information

StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$11,000,000
low | high
Med:
$3,725,000
100% of Average
sqft:
12,830
low | high
Med:
2,574
100% of Average
$ / sqft:
$857
low | high
Med:
$1,448
18.838915625821% of Average
On site:
23
low | high
Med:
52
44.230769230769% of Average
Sourced by Back At You

Market Activity 94301

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Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$11,000,000
low | high
Med:
$3,725,000
100% of Average
sqft:
12,830
low | high
Med:
2,574
100% of Average
$ / sqft:
$857
low | high
Med:
$1,448
18.838915625821% of Average
On site:
23
low | high
Med:
52
44.230769230769% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $8.25M - $13.75M
sqft: 9,500 - 16,000
Nearby Listings Property ImageNearby Listings Details
530 Webster Street Property Photo 1
$10,500,000
530 Webster Street
Palo Alto, CA 94301
Listing Updated: August 26, 2026 at 3:53:41 PM PDT
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