Home | Santa Clara County | Palo Alto | 94301 | 827 University Ave
MLS: ML81989705 | Status: | Price: $4,400,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,300 | 0.289 | 1955 |
RECENT $205K PRICE ADJUSTMENT! 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 $4,995,000, which equates to $713,571 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.
| Field | Value |
|---|---|
| MLS # | ML81989705 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | Central Forced Air, Window/Wall Unit |
| Heating | Central Forced Air - Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Attached Garage, Garage: 6 Car(s) |
| Elementary District | Palo Alto Unified |
| High School District | Palo Alto Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM3 |
Jimmy Castellanos
Marcus & Millichap
License #: 02024152
Phone: (408) 483-5040
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 7 | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 650 | 1 | 1/0 | $2,862 | – | 1 |
| 2 | 650 | 1 | 1/0 | $2,754 | – | 1 |
| 3 | 650 | 1 | 1/0 | $2,646 | – | 1 |
| 4 | 650 | 1 | 1/0 | $2,808 | – | 2 |
| 5 | 1,450 | 2 | 1/0 | $4,320 | – | 1 |
| 6 | 1,600 | 3 | 2/0 | $4,795 | – | 1 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Jimmy Castellanos, (408) 483-5040.