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Listed by Lynne Tran • Intero Real Estate Services, DRE#01293229
$3,990,000
Est. payment /mo
5 Beds
5 Baths
3,142 SqFt
Active
207 Hawthorne AVE Palo Alto, CA 94301
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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
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 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. 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
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
Utilities Available Public Utilities
Roof Type Composition
Building
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 120-24-004
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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