Comm Ri Multi-units 5+ For Sale
9,444 Sqft - 147-159 Emerson Street, PALO ALTO, California 94301
Property Description
Full Address: 147, 151 & 159 Emerson Street. Rare opportunity to own 13 Quality units in prime Downtown Palo Alto location! Property consists of 2 parcels totaling +-20,250 SQ.FT (A.P.N. 120-24-027 & A.P.N. 120-24-026). Unit Mix: (1) 3 Bedroom 2 Bath unit; (4) 2 Bedroom 1 Bath units; (6) 1 Bedroom 1 Bath units (1 of which is a loft x 1 BA) & (2) Studio 1 Bath units. Improvements consist of: 147 Emerson: 5 unit building w/basement; 151 Emerson: Detached single story cottage; 159 Emerson: 7 units in 3-story building w/basement & a detached 13-car carport structure w/laundry room. Lovely expansive grounds w/ large attractively landscaped open space areas providing the property w/ a unique, beautiful & serene setting for the residents to enjoy. A diversity of unit types & features as well as the charm of the unit interiors provide the resident with a living environment that is consistent with the unique character of Downtown Palo Alto. Call LA for Offering Memorandum which has floor plans
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81843310
Price : $7,500,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 9,444 Sqft
Year Built : 1894
Lot Area : 0.46 Sqft
Features
Heating System : Other Heat, Electric, Space Heater
Cooling System : Other
Roof : Tar And Gravel, Composition Shingles
Address Map
Country : US
State : CA
County : Santa Clara
City : PALO ALTO
Zipcode : 94301
Street : Emerson Street
Street Number : 147-159
Floor Number : 0
Longitude : W123° 49' 58.9''
Latitude : N37° 26' 51.3''
MLS Addon
Office Name : Cornish & Carey Commercial
Building Type : Other
Area : All Other Counties/States
Address : 147-159 Emerson Street
Cross Street : Hawthorne Avenue
LA1User Code : MLL159536
LA1Agent First Name : Keith
LA1Agent Last Name : Suddjian
Status Category : Sold
Tot # Parking Spaces : 5
Tot # of Units : 13
Zoning : RM-3
List $/SqFt : $0
Age : 127
Apx Lot Sq Ft : 20,250 Sqft
Type of Building : Apt Complex
Annual Taxes : $90,371
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
OPERATING EXPENSES : Electric, Gas, Insurance, Janitorial, Maintenance/repair, Accounting/legal, Trash Removal, Vacancy Factor, Water, Miscellaneous/other
SOME UNITS HAVE : Dishwasher
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 2.73
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $7,500,000
Sold Price : $7,800,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 373260
Net Oper Income : 204617
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 13330
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 20.09
Buyer Agent DRE Num. : 01934574
List Agent DRE Num. : 00673961
Filtered Address : 147-159 Emerson ST
LA1Agent License ID : 00673961
LA1Old Agent ID : 2751
LA2Agent First Name : Michelle
LA2Agent Last Name : Clark
LA2User Code : MLL484616
LA2Old Agent ID : 234780
SA1Agent First Name : Joel
SA1Agent Last Name : Hopman
SA1Agent License ID : 01934574
SA1User Code : MLL5067060
SA1Old Agent ID : 306897
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 120-24-026
Showing : See Confidential Remarks
SA2Agent First Name : Steve
SA2Agent Last Name : Zirelli
SA2Agent License ID : 01929245
SA2Old Agent ID : 308407
LO2Office Name : Cornish & Carey Commercial
SO1Office Abbreviation : MLL5009335
SO1Office Name : Newmark Cornish & Carey
LO1Main Office ID : 70361
LO1Board ID : 0
LO2Office Identifier : 70361
LO2Main Office ID : 70361
SO1Office Identifier : 76108
SO1Board ID : 0
SO2Office Identifier : 70361
SO2Office Type : 0
SO2Office Name : Cornish & Carey Commercial
SO2Office State : CA
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 7800000
Address Search Number : 147
Listing Agent : 248935
Listing Office : 70361
Co-List Agent : 270860
Listing Office 2 : 70361
Apprx Equity : 0
Buyer Agent 1 : 281631
Buying Office 1 : 76108
Co-Sell Agent : 282030
Buying Office 2 : 70361
Photo Count : 33
Input Date : 11/05/2021 23:06:52
Update Date : 26/05/2021 15:17:51
PhotoTimestamp : 26/05/2021 10:51:03
First Photo Add Timestamp :
List Date : 11/05/2021
Expire Date :
Pending Date : 16/05/2021
Closing Date : 25/05/2021
Status Date : 25/05/2021
Price Date :
Off Market Date : 16/05/2021
Status : Sold
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 5
Cumulative DOMLS : 5
Unit # 1 Rent: 1595
Unit # 2 # of Bedrooms: 1
Unit # 2 Rent: 1795
Unit # 3 # of Bedrooms: 2
Unit # 3 Rent: 1995
Unit # 4 # of Bedrooms: 3
Unit # 4 Rent: 3695
