$3,990,000

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.