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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
New
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 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 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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