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132 Emerson Street
Palo Alto

2 Beds • 1 Baths • +/-1119 sq ft

Offered at $2,898,000

Rare opportunity in Downtown Palo Alto

So many possibilities await you on this perfectly shaped and expansive 8,036 square foot lot in North Downtown Palo Alto. The oversized lot has approximately 48 feet of street frontage and is 164 feet deep (measurements taken from the Plot Map, Buyer to Verify). The property is located in the RM-20 zone district, which is a “Low Density Multiple-Family Residence District.” The City of Palo Alto Municipal Code states that “Permitted densities in the RM-20 residence district range from eight to twenty dwelling units per acre.” Buyer to investigate zoning with the City and to satisfy themselves as to their desired use.

The property boasts a charming home built in 1926, with 2 Bedrooms and 1.5 bathrooms, living room with handsome fireplace, detached 2 car garage with attached storage space. Live in as is, remodel and expand, build an accessory dwelling unit in the back of this deep lot, or a multi-family compound.

- Oversized lot of 8,036 square feet: 48 feet wide by 164 feet deep (Lot square footage per County records, Buyer to verify)
- Situated on a quiet, tree lined street just 3 blocks from vibrant University Avenue
- Located in the RM-20 zone (Low Density Multiple-Family Residence District)
- Charming home built in 1926, with 1,119 square feet of living space (House square footage per County Records, Buyer to verify)
- 2 Bedrooms and 1.5 bathrooms
- Living room with high ceiling, updated can lights, and handsome fireplace
- Large dining room with high ceiling and updated can lights
- Kitchen and nook accessible from the dining room
- Inside laundry area with stackable washer/dryer and sink
- Detached garage structure for 2 cars, each with their own garage door entrance and space, with additional attached storage room with separate entrance
- Convenient location with easy access to downtown Palo Alto and Stanford Shopping Center, and just a few blocks from the Caltrain station
- Sought after Palo Alto schools: Addison Elementary, Greene Middle, Palo Alto High (Buyer to verify schools and eligibility)