Investment Overview

Marcus and Millichap is pleased to present 813 Cowper Street, an exceptional investment opportunity in one of the most prestigious and supply-constrained markets in the Bay Area. This eight-unit multifamily community is ideally positioned just steps from University Avenue in Palo Alto, offering unparalleled walkability to world-class amenities, Stanford University, and a vibrant mix of top-tier restaurants, boutique shops, and cultural institutions. Residents enjoy immediate access to acclaimed dining destinations such as Evvia Estiatorio, Tamarine, and Nobu, as well as upscale retailers including Restoration Hardware and local favorites along University Avenue. The property’s premier location supports sustained tenant demand and long-term value in a city synonymous with innovation and quality of life. Built in 1956, the property consists of three well maintained buildings with a total of eight units, including five large one bedroom apartments and three two bedroom residences. The front duplex features a two bedroom unit and a one bedroom unit, offering a more residential feel compared to a typical apartment layout. In addition, the property includes a charming cottage style unit that provides added privacy and character. Each unit is equipped with an in unit washer and dryer, an amenity that is both rare and highly desirable in this submarket, along with garage and carport parking. With single family home values in the 94301 ZIP code averaging approximately $5.3 million according to Zillow, the property offers investors a compelling opportunity to acquire durable income and long term downside protection in one of the most supply constrained markets in the country. Beyond its irreplaceable location and thoughtful unit mix, 813 Cowper Street benefits from placement within one of California’s top-rated school districts, further strengthening demand among discerning renters. The surrounding neighborhood blends small-town charm with cosmopolitan convenience, offering parks, cultural venues, and major tech employment hubs within walking distance. Investment opportunities along the University Avenue corridor are exceedingly rare, positioning this acquisition as a strategic foothold in a market defined by consistent growth, exceptional demographics, and enduring desirability. For investors seeking long-term appreciation and wealth preservation at the heart of Silicon Valley, 813 Cowper Street delivers unmatched potential.