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$3,990,000
Est. payment /mo
3,142 SqFt
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,142 sqft
Price per Sqft $1,269
MLS Listing ID ML82064495
HOA Y/N No
Year Built 1902
Annual Tax Amount $18,568
Lot Size 6,499 Sqft
Property Sub-Type Mixed Use
Property Description
The actual location of the property is 171 Emerson St and 207 Hawthorne Ave. A downtown Palo Alto corner property combining a separate residence with multiple rental units and established rental income, this property combines classic residential character with proximity to University Avenues restaurants, cafés, boutiques, and Stanford Theatre. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhance the locations residential and investment appeal. Top-tier local schools add desired value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. 171 Emerson Street offers a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 5-unit configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces 3
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 12024004
Special Listing Condition Standard
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Listed by Lynne Tran Intero Real Estate Services #01293229
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