207 Hawthorne AVE, Palo Alto, CA 94301
207 Hawthorne AVE, Palo Alto, CA 94301
207 Hawthorne AVE, Palo Alto, CA 94301
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Listed by Lynne Tran • Intero Real Estate Services, DRE#01293229
$3,990,000
Est. payment /mo
5 Beds
5 Baths
3,142 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 3,142 sqft

Price per Sqft $1,269

MLS Listing ID ML82064495

Bedrooms 5

Full Baths 5

Year Built 1902

Lot Size 6,500 Sqft

Property Sub-Type Multiple Dwellings / Structures

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.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning RM3

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Other

Exterior

Parking Features No Garage, On Street, Parking Area

Utilities Available Public Utilities

Roof Type Composition

Building

Story 2

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 2

Others

Tax ID 120-24-004

Security Features None

Horse Property No

Special Listing Condition Not Applicable


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207 Hawthorne AVE