* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.
Property Details
- Cooling
- 1
- View
- City Lights
- Stories
- 2
- Acres
- 0.402
- Square Feet
- 12830.0
- Lot Size (sqft)
- 17500.0
- Parking Features
- Covered, Carport, Off Street
- Parking Spaces
- 0.0
- Parking Type
- Carport
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 15.0
- Property Type
- Multi-Family
- Style
- Traditional
- Property Subtype Additional
- Mixed Use
- Year Built
- 1961
- Roof
- Composition, Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Disposal, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan
- School District
- Palo Alto Unified
- Elementary School
- Other
- Middle School
- Other
- High School
- Palo Alto
- County
- Santa Clara
- Region
- Palo Alto
- Zoning
- RM20
- Original List Price
- $11,000,000
- Taxes Annual
- $137,500
- MLS #
- ML82056833
- Property Subtype
- MixedUse
- Parcel Number
- 120050300
- MLS #
- ML82056833
- Date Listed
- August 06, 2026
- Address
- 837 Cowper Street
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Monica Yeung Arima (#ML480045)
Listing Office: Yarkin Realty (#ML39857)
