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.
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
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#: ML81971494

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