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ReMax Gateway
207 Hawthorne Avenue, Palo Alto, CA 94301
- $3,990,000
- 3,142
- SqFt
- List Price
- $3,990,000
- Status
- ACTIVE
- MLS#
- ML82064495
- Year Built
- 1902
- Living Sq. Ft
- 3,142
- Lot Size
- 6,500
- Acres
- 0.15
- Days on Market
- 11
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
The property is located at the corner of Emerson St and Hawthorne Ave. The unit at 171 Emerson Street is a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 5-unit configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. Located in downtown Palo Alto, this unique property combines a residence with multiple rental units and proven income potential, while maintaining the warmth and appeal of a classic residential home rather than the feel of a multi-unit apartment complex. Proximity to University Avenue's restaurants, cafes, and boutiques. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhances the locations residential and investment appeal. Top-rated local schools add significant value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.
Additional Information
- Taxes
- $18,568
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palo Alto Unified
- Attached Structure
- Detached
- Gross Scheduled Income
- $185,762
Listing courtesy of Listing Agent: Lynne Tran (ltran@interorealestate.com) from Listing Office: Intero Real Estate Services.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.