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Multifamily investment property sells in Silicon Valley

11-unit building in Palo Alto brings $454,000 per unit
The Everett Manor apartments, built in 1954, had no vacancies at the time of the sale. (CoStar)
The Everett Manor apartments, built in 1954, had no vacancies at the time of the sale. (CoStar)
By Riley Benecke
CoStar Research
January 8, 2026 | 6:48 P.M.

A family trust has acquired the 11-unit Everett Manor garden apartment building in Palo Alto, California, for $5 million, or about $454,500 a unit and $572 per square foot. The seller was another family trust.

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