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$3,485,000
$3,798,000 8.2%
Est. payment /mo
6,551 Sqft Lot
Sold on 11/15/2024
818 Cowper ST Palo Alto, CA 94301
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Key Details
Sold Price $3,485,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81970597
Sold Date 11/15/24
HOA Y/N No
Year Built 1903
Annual Tax Amount $45,846
Lot Size 6,551 Sqft
Property Description
818 Cowper St is a stunning 7-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,550 square foot parcel of land, the subject property was originally constructed in 1903 and has a gross building area of approximately 3,328 square feet, offering its tenants beautifully designed one-bedroom floor plans. The subject property has recently undergone extensive interior capital improvements with select units featuring high-end finishes including in-unit washers & dryers, stainless steel appliances, quartz countertops, modern cabinetry, updated kitchens, vinyl floor planking and upgraded bathrooms. Additionally, investors have the opportunity to further increase cash flow through developing an ADU featuring two studio units. 818 Cowper St is well-positioned in one of the Bay Areas most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Flat
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12017011
Financing Cash
Special Listing Condition Standard
Listed by Robert Johnston • Marcus & Millichap
Bought with Onkar Khatkar
Bought with Onkar Khatkar
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