207 Hawthorne AVE, Palo Alto, CA 94301

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Listing courtesy of Lynne Tran from Intero Real Estate Services. 408-891-7978

List Price
$3,990,000
MLS#
ML82064495
Status
ACTIVE
Zoning
RM3
Sqft. of Residence
3,142
Lot Size
6,500
Listing Area
Downtown Palo Alto

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

Age
124
Cooling System
Window / Wall Unit
Floor Covering
Other
Foundation
Concrete Perimeter
Garage Parking
No Garage, On Street, Parking Area
Heating System
Wall Furnace
Living Area
3,142
Lot Size
6,500
Neighborhood
Downtown Palo Alto
Other Utilities
Public Utilities
Roof
Composition
Sewer
Sewer - Public
Special Features
None
Unincorporated Yn
Yes
Zoning
RM3

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