Property Details
About this Property
The R&Z Group of Compass Commercial is excited to bring to market this incredible opportunity at 318 Emerson St, right in the heart of Downtown Palo Alto. This fourplex is a true gem, offering a unique chance for savvy investors to dive into a prime piece of real estate. The property boasts an impressive configuration of (2) 2 bed 2 bath and (2) 1 bed 1 bath units. Additional features include three garage spaces that are currently being leased as storage with the potential to be converted into ADU, a back courtyard, a long driveway, and an on-site washer/dryer. With a spacious 3,160 square feet of living space on a 0.13-acre lot. What makes 318 Emerson St truly stand out is its unbeatable location! Just a stone's throw from Downtown Palo Alto, you'll be within walking distance of top-rated restaurants, trendy shops, and the iconic Stanford Theater. Plus, it's less than a mile from the world-renowned Stanford University and the Stanford Shopping Center. This isn't just a property; it's a gateway to the best of Palo Alto living! Investors will love the consistent and high rental demand, the modern touches in a historical setting, and the proximity to key amenities and landmarks. One unit is currently vacant. Potential seller financing is available.
MLS Listing Information
MLS #
ML81971494
MLS Source
MLSListings, Inc.
Interior Features
Cooling
Ceiling Fan
Heating
Central Forced Air
Exterior Features
Roof
Composition, Shingle
Foundation
Block, Other
Parking, School, and Other Information
Garage/Parking
Off-Street Parking, On Street, Garage: 3 Car(s)
Elementary District
Palo Alto Unified
High School District
Palo Alto Unified
Sewer
Private Sewer
Zoning
RM4
Contact Information
Listing Agent
Ray Rodriguez
Compass
License #: 01999734
Phone: (650) 405-0743
Co-Listing Agent
Tony Zizzo
Compass
License #: 01962093
Phone: (650) 770-8356
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $2,850 |
| 2 | – | 2 | 2/0 | $3,750 |
| 3 | – | 1 | 1/0 | $3,100 |
| 4 | – | 2 | 2/0 | $3,695 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
318 Emerson St is a Residential Income in Palo Alto, CA 94301. This 3,160 square foot property sits on a 5,650 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,500,000 and was built in 1900. This address can also be written as 318 Emerson St, Palo Alto, CA 94301.
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This listing information is up-to-date as of August 27, 2024. For the most current information, please contact Ray Rodriguez, (650) 405-0743
