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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 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.
Property Type(s):
Commercial
| Last Updated | 1/8/2025 | Year Built | 1955 |
|---|---|---|---|
| Community | Not Defined | County | Santa Clara |
SCHOOLS
| School District | Palo Alto Unified |
|---|---|
| Elementary School | Other |
| Jr. High School | Other |
| High School | Palo Alto |
Additional Details
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Not Defined |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| LOT | 0.29 acre(s) |
| TAXES | 61962 |
| WATER | Public |
| ZONING | RM3 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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