$3,500,000 Price Analysis   ♡   Palo Alto, CA 94301 6 bed 6 bath 3,160 SqFt ($1107/SqFt) 5,650SqFt lot. Built 1900 Listed 2024-06-29, Taxes $10,319 | Ⓧ USDA Ineligible due to price & location near Palo Alto |
The RandZ Group of Compass Commercial is excited to bring to market this incredible opportunity at 318 Emerson St
* Sale Pending *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 big 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 a property; it's a gateway to the best of Palo Alto lving. 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.
Presented by Ray Rodriguez at
COMPASS.
Property MLS #ML81971494 from MLSListings
Heating Features: Central Forced Air Heating
Lot Size Square Feet: 5650
Parking Features: On Street, Off-Street Parking
Parking Total: 2
Calculated Total Monthly Association Fees: 0
Gardener Expense: 2400
Maintenance Expense: 2400
Number of Units: 4
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 2
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 2
Unit 1 Total Actual Rent: 2850
Unit 2 Total Actual Rent: 3750
Unit 3 Total Actual Rent: 3100
Unit 4 Total Actual Rent: 3695
High School District: Palo Alto Unified
Map directions Map directions Map directions Map directionsIncome Includes: Rents, Storage Area
Source Listing Status: Pending (Do Not Show)
County: Santa Clara
Cross Street: Lytton
Source Property Type: Residential Income (2-4 units)
Inclusions: Building, Land
Insurance Expense: 3954
Area: Downtown Palo Alto
Source Neighborhood: Downtown Palo Alto
Parcel Number: 120-25-093
Postal City: Palo Alto
Zoning: RM4
Property Subtype: Fourplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $385,090 + $397,615 $782,705 | $10,319 |
| 2021 | $377,540 + $389,819 $767,359 | $10,115 |
| 2020 | $373,669 + $385,822 $759,491 | $9,920 |
| 2019 | $366,343 + $378,257 $744,600 | $9,807 |
| 2018 | $359,160 + $370,841 $730,001 | $9,553 |
| 2017 | $352,118 + $363,570 $715,688 | $9,385 |
| 2016 | $345,214 + $356,442 $701,656 | $9,135 |
| 2015 | $340,029 + $351,088 $691,117 | $9,031 |
| 2014 | $333,369 + $344,211 $677,580 | $8,781 |
| 2013 | $331,863 + $342,656 $674,519 | $8,760 |
| 2012 | $325,356 + $335,938 $661,294 | $8,606 |
| 2010 | $318,977 + $329,351 $648,328 | $8,111 |
| 2009 | $317,347 + $327,667 $645,014 | $7,936 |
| 2009 | $316,594 + $326,890 $643,484 | $7,936 |
| 2008 | $311,125 + $321,243 $632,368 | $7,555 |
| 2007 | $305,025 + $314,945 $619,970 | $7,436 |
$3,500,000
MLSListings
Sold 1996-02-26
$231,000
Public Record
Sold 1980-05-27
$102,500
Public Record
Operating Expense Includes: Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
Year Built: 1900
Foundation Details: Concrete Block
Property Age: 124
Roof: Shingle, Composition
Levels or Stories: 2
Total Area Sqft: 3160
Year Built Source: Assessor
Public Utilities
Water Source: Private / Mutual
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.