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827 University Ave
Palo Alto, CA 94301
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime Location: A rare seven-unit multifamily community located within walking distance to Downtown Palo Alto and Stanford University.
- Exceptional Value: Priced at $742,857 per unit, significantly below the average single-family home price of $4,230,865 within a mile.
- Historic Charm & Modern Living: The property features a beautifully converted 1900's mansion and five additional one-bedroom units.
- Strong Investment Potential: A value-add property offering immediate cash flow and long-term capital growth in a high-demand market.
Property Facts
| No. Units | 7 | Building Size | 6,300 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | RM30 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,300 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | RM30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 700 |
| 2+1 | 1 | - | 1,200 |
| 3+2 | 1 | - | 1,600 |
Property Taxes
| Parcel Number | 003-03-018 | Improvements Assessment | $71,824 |
| Land Assessment | $739,655 | Total Assessment | $811,479 |
Property Taxes
Parcel Number
003-03-018
Land Assessment
$739,655
Improvements Assessment
$71,824
Total Assessment
$811,479
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