827 University Avenue
$5,200,000
—
6,300
6,300
$825
Description
Introducing an extraordinary opportunity to acquire a rare seven-unit multifamily community within walking distance of vibrant Downtown Palo Alto. The property comprises a1900s-era mansion, converted over the past sixty years into a duplex, and five additional one-bedroom units built in 1955. The front mid-century structure 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,...Introducing an extraordinary opportunity to acquire a rare seven-unit multifamily community within walking distance of vibrant Downtown Palo Alto. The property comprises a1900s-era mansion, converted over the past sixty years into a duplex, and five additional one-bedroom units built in 1955. The front mid-century structure 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 a property in Palo Alto at a fraction of the cost of local single-family homes.
- Listed by Jimmy Castellanos • DRE #02024152 • Brokerage DRE #01240999 • Marcus & Millichap • 408-483-5040
Property Details for 827 University Avenue
MLS City Name
PALO ALTO
Building TypeOther
Complex NameUniversity Apartments
Garage Spaces6
Parking Spaces3
Cross StreetGuinda Street
LISTING UPDATED: 01/08/2025 06:24 PM
Property Details for 827 University Avenue
Status | Active |
---|---|
MLS # | ML81989705 |
Days on Compass | 2 |
Taxes | $61,962 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family 5+ |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1955 |
Lot Size | 0.29 AC / 12,600 SF |
County | Santa Clara County |
Building Information for 827 University Avenue
Stories-Residences-Year Built1955Building Size-Lot Size0.29 AC / 12,600 SF
Property Information for 827 University Avenue
Property History for 827 University Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 827 University Avenue
Taxable ValueLand$725,152Additions$70,416Total$795,568
Home Facts
Total Finished SqFt5,321 SqFtAbove Grade Finished SqFt5,321 SqFtStories2Lot Size12,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningRM3CountySANTA CLARAAPN003-03-018Fireplace TypeHas Fireplace
Schools near 827 University Avenue
This home is within Palo Alto Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Addison Elementary School PublicK to 5 | ||
Frank S. Greene Jr. Middle Public6 to 8 | ||
Palo Alto High School Public9 to 12 | ||
Ohlone Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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