818 Cowper St, Palo Alto, CA 94301
7 Unit Apartment Building | $3,980,000 ($568,571/Unit) | 3.52% Cap Rate | Palo Alto, CA 94301
For Sale
Active
19 pictures
Asking Price $3,980,000
- Property Type
-
Multifamily
- Square Feet
- 3,328 SF
Listing Contacts
Cole Simpson
Robert Johnston
Adam Levin
Property Overview
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 Area’s 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.com list of “Top 100 Best Places to Live” in America.
The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others.
The investment appeal of this asset is driven by Palo Alto’s incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 818 Cowper is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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 Area’s 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.com list of “Top 100 Best Places to Live” in America.
The subject property offers renters close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony as well as many others. Downtown Palo Alto is also located within walking distance to the subject property and is home to many high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others.
The investment appeal of this asset is driven by Palo Alto’s incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 818 Cowper is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Details
- Class
- C
- Year Built
- 1903
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 7
Highlights
- Attractive Assumable Financing-Qualified Investors have the opportunity to obtain attractive financing terms.
- Investors have the opportunity to further increase cashflow through developing an ADU featuring two studio units.
- The subject property has undergone extensive interior capital improvements featuring in-unit washers & dryers and upgraded bathrooms.
- Tenants enjoy convenient community amenities featuring an on-site laundry facility and large backyard with private patio.
- 818 Cowper St is located within walking distance to Downtown Palo Alto which is home to a myriad of shopping, dining, and entertainment options.
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