318 Emerson Street
Palo Alto, CA 94301
- – beds
- – baths
- – sqft
- 5,650 sqft lot
- 1900 build
- – on site
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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.
Last checked:
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Last updated Aug 27, 2024
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MLS# ML81971494 —
The Building
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Year Built:1900
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Year Built Source:Assessor
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Roof:Shingle, Composition
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Foundation:Block
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Accessibility Features:Other
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Building Area Total:3160.00
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# of Buildings:1
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Stories Total:2
Location
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Directions:Cross Street: Lytton
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Latitude:37.44583300
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Longitude:-122.16508375
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Zoning:RM4
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Lot Size Area:5650.0000
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Lot Size Acres:0.1297
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Lot Size SqFt:5650.00
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Lot Size Source:Other
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Annual Amount:41169.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:12025093
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
Utilities
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Sewer:Private Sewer
Appliances
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Included:No
The Community
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Off Street
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Parking Spaces:2.00
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Garage Spaces:3.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/28/24
Jun 28, 2024
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BRIDGE | $3,500,000 | ||
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2/2/23
Feb 2, 2023
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Price Changed | CRMLS_CA | ||
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12/20/22
Dec 20, 2022
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Listed / Active | MLSLISTINGS |
