2965 Emerson Street
2965 Emerson Street Palo Alto, California 94306 United States

$3,999,888
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Listing Courtesy of RE/MAX Star Properties
$3,999,888
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3,799 Sq Ft.
Interior
8,276.4 Acres
Exterior
Commercial
Property type
1957
Year Built
ML81876018
Web Id
ML81876018
MLS ID
Palo Alto Unified
School District
11
days ago

About 2965 Emerson Street

Prime 5 unit building (all units have been remodeled) that can be kept as-is or a great redevelopment opportunity in Palo Alto. This pride of ownership asset is located within walking distance to Stanford University, & features (4) 1BD/1BA units and (1) 2 Bedroom unit on a large 8130 square foot lot. There is a unique opportunity to develop this parcel in accordance with SB-10, which goes into effect on 1/1/22. SB-10 facilitates the passage of high-density housing developments, while allowing cities to forego environmental review & override local land-use restrictions when approving developments. All 5 units are rented. The average rent for 2022 is $2300.00 per door. The rood material was made by NASA with a lifetime warranty. This is the lowest price per square foot in Palo Alto!

Listing Courtesy of George Chopoff , RE/MAX Star Properties

PROPERTY INFORMATION

Heating
Wall Furnace
Parking Description
Guest
Water
Public

INTERIOR

Flooring
Hardwood
Listing Courtesy of RE/MAX Star Properties
Listing Courtesy of RE/MAX Star Properties
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