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.
MLS# | ML81970597 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1903 |
Days On Site | 85 |
Listing Provided By | Marcus & Millichap (650) 391-1700 | Robert Johnston |
SQ Feet | 3,328 |
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Building(s) | 1 |
Zoning | RM3 |
Acreage | 0.15 |
State | CA |
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County | Santa Clara |
City | Palo Alto |
Zip Code | 94301 |
Area | 699 Not Defined |
Listing VS Median (in 94301) | |
Price: $3,980,000 low | high Med: $3,487,500 SqFt: 3,328 low | high Med: 3,832 $ / SqFt: $1,196 low | high Med: $943 On Site: 85 low | high Med: 45.000000 |