REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Lynne Tran, DRE #01293229 • Intero Real Estate Services

$ 3,990,000

Est. payment | -/mo

5 Beds

5 Baths

3,142 SqFt

Save

$ 3,990,000

Est. payment | -/mo

Save

5 Beds

5 Baths

3,142 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 3,142 sqft

Price per Sqft $1,269

MLS Listing ID ML82064495

Bedrooms 5

Full Baths 5

Year Built 1902

Lot Size 6,500 Sqft

Property Sub-Type Multiple Dwellings / Structures

Source MLSListings, Inc.

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, cafÃ©s, 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 Downtown Palo Alto

Zoning RM3

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Other

Exterior

Parking Features No Garage, On Street, Parking Area

Garage Spaces 3.0

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 120-24-004

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

207 Hawthorne AVE Palo Alto, CA 94301