830 Cowper St - Apartments FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$3,575,000 USD
650-888-7696
830 Cowper St, Palo Alto, CA for Sale
$3,575,000 USD
Apartments - FOR SALE
1/18
null | 3.61% Cap Rate

830 Cowper St
Palo Alto, CA 94301
Downtown Palo Alto


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 one-bedroom units.
  • Tenants enjoy convenient community amenities including an on-site laundry facility and large backyard with private patio.
  • The subject property has undergone extensive interior capital improvements with select units featuring high-end finishes.
  • 830 Cowper St is located within walking distance to Downtown Palo Alto which is home to a myriad of shopping, dining, and entertainment options.

OVERVIEW

Open House 11.21.2024 from 12pm-1:00pm. Please RSVP with Listing Agent. 830 Cowper St is a charming 6-unit investment opportunity located in the thriving city of Palo Alto, California. Situated on a 5,600 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 two-bedroom and 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 cashflow through developing an ADU featuring two one-bedroom units. 830 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, Nvidia, 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, 830 Cowper is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,575,000 USD

PRICE/SF

$1,074 USD /SF

# OF UNITS

6

PRICE/UNIT

$595,833

CAP RATE

3.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,600 SF

ZONING

RM3

APN/PARCEL ID

120-17-012

ASK ABOUT THIS PROPERTY

Cole SimpsonMarcus & MillichapMore Info
650-888-7696

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Cole SimpsonMarcus & MillichapMore Info
650-888-7696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.