Palo Alto, CA 94301,318 Emerson Street
Listed by Ray Rodriguez • Compass
Bought with Jenny Teng • Compass

$3,500,000

Est. payment /mo

$3,500,000

Est.Price: ?

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318 Emerson Street Palo Alto, CA 94301

3,160 SqFt

SOLD DATE : 08/23/2024

Key Details

Sold Price $3,500,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,160 sqft

Price per Sqft $1,107

MLS Listing ID ML81971494

Sold Date 08/23/24

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1900

Lot Size 5,650 Sqft

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.

Location

State CA

County Santa Clara

Interior

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplace No

Schools

School District Palo Alto Unified, Palo Alto Unified

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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