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318 Emerson St
Palo Alto, CA 94301
Multifamily Property For Sale
·
4 Units
Investment Highlights
- (2) 2 Bed 2 Bath (2) 1 Bed 1 Bath units.
- True pride of ownership in Prime Palo Alto Location.
- With a total of (3) detached garages currently leased for storage with potential to convert to ADU.
- Recently updated units.
- Less than one mile from Stanford University, Stanford shopping center, and a short walk from Downtown Palo Alto.
- Potential seller financing is available.
Property Facts
| No. Units | 4 | Building Size | 3,670 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1906 |
| Building Class | C | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 0.13 AC | ||
| Zoning | RM4, Palo Alto | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,670 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1906 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | RM4, Palo Alto |
Amenities
Unit Amenities
- Storage Space
- Kitchen
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $3,723 | - |
| 1+1 | 2 | $2,975 | - |
Property Taxes
| Parcel Number | 120-25-093 | Improvements Assessment | $300,000 |
| Land Assessment | $3,200,000 | Total Assessment | $3,500,000 |
Property Taxes
Parcel Number
120-25-093
Land Assessment
$3,200,000
Improvements Assessment
$300,000
Total Assessment
$3,500,000
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