318 Emerson ST, Palo Alto, CA 94301
- $3,500,000
- 6
- BD
- 3,160
- SqFt
Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass
Sold listing courtesy of Jenny Teng from APR
- Sold Price
- $3,500,000
- List Price
- $3,500,000
- Closing Date
- Aug 23, 2024
- MLS#
- ML81971494
- Status
- SOLD
- Zoning
- RM4
- Sqft. of Residence
- 3,160
- Lot Size
- 5,650
- Listing Area
- Downtown Palo Alto
Property Description
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.
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Additional Information
- Acres
- 0.13
- Age
- 124
- Cooling System
- Ceiling Fan
- Foundation
- Concrete Block, Other
- Garage Parking
- On Street, Off-Street Parking
- Heating System
- Central Forced Air
- Living Area
- 3,160
- Lot Size
- 5,650
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Roof
- Shingle, Composition
- Sewer
- Sewer - Private
- Unincorporated Yn
- Yes
- Zoning
- RM4
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