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Sold for $3,500,000 on 08/23/24
  • $3,500,000

    318 Emerson St, Palo Alto, CA 94301

    --beds
    --baths
    3,160sqft
    Quadruplex,
    Built in 1900
    -- sqft lot
    $3,660,300 Zestimate®
    $1,108/sqft
    $4,437 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 27, 2024 at 03:34am

    Listed by:

    Ray Rodriguez 01999734 650-405-0743,

    Compass,

    Tony Zizzo 01962093 650-770-8356,

    Compass

    Bought with:

    Jenny Teng, 01023687

    Compass

    Source: MLSListings Inc,MLS#: ML81971494MLS Logo

    Facts & features

    Interior

    Heating
    • Central Forced Air
    Cooling
    • Ceiling Fan(s)
    Features
    • Doors: Other
    Interior area
    • Total structure area: 3,160
    • Total interior livable area: 3,160 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Off Street, On Street
    • Garage spaces: 3
    • Has carport: Yes
    Accessibility
    • Accessibility features: Other
    Features
    • Stories: 2
    Lot
    • Size: 5,650 sqft
    Details
    • Parcel number: 12025093
    • Zoning: RM4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex,
    Materials
    • Foundation: Block, Other
    • Roof: Composition, Shingle
    Condition
    • Year built: 1900

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Private Sewer
    • Utilities for property: Public Utilities

    Community & neighborhood

    Location
    • Region: Palo Alto

    Other

    Other facts
    • Listing agreement: ExclusiveAgency
    Services availability
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    Estimated market value

    $3,660,300