2965 Emerson Street

2965 Emerson Street Palo Alto, California 94306 United States

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