About 818 Cowper St
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.
Features of 818 Cowper St
| MLS® # | ML81970597 |
|---|---|
| Price | $3,798,000 |
| Square Footage | 3,328 |
| Acres | 0.15 |
| Year Built | 1903 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 818 Cowper St |
|---|---|
| Area | Downtown Palo Alto |
| City | PALO ALTO |
| County | Santa Clara |
| State | CA |
| Zip Code | 94301 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Ceiling Fan, Room Air Conditioner(s) |
| Fireplace | No |
Exterior
| Roof | Flat/Low Pitch |
|---|---|
| Foundation | Concrete Slab |
Additional Information
| Zoning | RM3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Robert Johnston |
|---|---|
| Office | Marcus & Millichap |
| Contact Info | 650-391-1744 |