RE/MAX Star Properties
Bret Evans, RE/MAX Star PropertiesPhone: (650) 722-6555
Email: [email protected]
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listing
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CommercialFor Sale
$3,999,888
2965 Emerson Street
Palo Alto, CA 94306
Courtesy of Re/max Star Properties - George Chopoff
MLS: MLSListings
Est. Mortgage
$20,747/mo

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!

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Based on information from the MLSListings MLS as of 05/26/2022 02:05 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Information courtesy of Re/max Star Properties is subject to verification and is not guaranteed.
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