Bought with Jenny Teng • Compass
$3,500,000
$3,500,000
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318 Emerson Street Palo Alto, CA 94301
3,160 SqFt
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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