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Sold for $4,400,000
  • $4,400,000

    University Paloalto, Palo Alto, CA 94301

    9beds
    7baths
    6,300sqft
    Five Or More Units, Residential Income
    Built in 1955
    -- sqft lot
    $4,227,800 Zestimate®
    $698/sqft
    $4,847 Estimated rent

    Home value

    $4,227,800

    $3.85M - $4.65M

    $4,847/mo

    Zestimate® history
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    What's special

    Rich in characterFive additional one-bedroom unitsThree private backyardsLarge two-bedroom one-bathroom unitLarge three-bedroom two-bathroom unitSix private garagesCozy private living spaces
    RECENT $205K PRICE ADJUSTMENT! Introducing an extraordinary opportunity to acquire a rare seven-unit multifamily community within walking distance of vibrant Downtown Palo Alto. The property comprises a 1900s-era mansion, converted over the past sixty years into a duplex, and five additional one-bedroom units built in 1955. The front mansion 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 $4,995,000, which equates to $713,571 per unit, this is a rare opportunity to acquire residential units in Palo Alto at a fraction of the cost of local single-family homes.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jimmy Castellanos 02024152 408-483-5040,

    Marcus & Millichap 650-391-1700

    Bought with:

    Jimmy Castellanos, 02024152

    Marcus & Millichap

    Source: MLSListings Inc,MLS#: ML81989705MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 7
    Heating
    • Central Forced Air Gas, Wall Furnace
    Cooling
    • Central Air, Wall/Window Unit(s)
    Features
    • Doors: None
    Interior area
    • Total structure area: 6,300
    • Total interior livable area: 6,300 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Assigned, Attached
    • Garage spaces: 6
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 0.29 Acres
    Details
    • Parcel number: 00303018
    • Zoning: RM3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1955

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    Location
    • Region: Palo Alto

    Financial & listing details

    • Price per square foot: $698/sqft
    • Date on market: 1/8/2025
    • Listing agreement: ExclusiveRightToSell
    • Lease term: Other

    Price history

    DateEventPrice
    3/26/2025Sold$4,400,000-11.9%$698/sqft
    Source: MLSListings Inc #ML81989705 Report a problem
    3/5/2025Pending sale$4,995,000$793/sqft
    Source: MLSListings Inc #ML81989705 Report a problem
    2/26/2025Contingent$4,995,000$793/sqft
    Source: MLSListings Inc #ML81989705 Report a problem
    2/24/2025Price change$4,995,000-3.9%$793/sqft
    Source: MLSListings Inc #ML81989705 Report a problem
    1/8/2025Listed for sale$5,200,000$825/sqft
    Source: MLSListings Inc #ML81989705 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Professorville

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: AddisonElementary
    • Middle: DavidStarrJordanMiddle_1
    • High: PaloAltoHigh
    • District: PaloAltoUnified

    Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $4,227,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $4,227,800