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$3,990,000
Est. payment /mo
5 Beds
3,142 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,142 sqft
Price per Sqft $1,269
MLS Listing ID ML82064495
Bedrooms 5
HOA Y/N No
Year Built 1902
Lot Size 6,500 Sqft
Property Sub-Type OTHER
Property Description
The property is located at the corner of Emerson St and Hawthorne Ave. The unit at 171 Emerson Street is 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 4-unit plus ADU 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. Located in downtown Palo Alto, this unique property combines a residence with multiple rental units and proven income potential, while maintaining the warmth and appeal of a classic residential home rather than the feel of a multi-unit apartment complex. Proximity to University Avenue's restaurants, cafes, and boutiques. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhances the locations residential and investment appeal. Top-rated local schools add significant value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.
Location
State CA
County Santa Clara
Zoning RM3
Interior
Heating Wall Furnace
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Palo Alto Unified
Others
Tax ID 12024004
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Listed by Lynne Tran • Intero Real Estate Services
NEARBY SCHOOL & BUSINESS
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