207 Hawthorne Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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207 Hawthorne Avenue
Palo Alto, California 94301
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,142Sq Ft
6,500Lot Size
Property Price
LIST PRICE$3,990,000
EST. MARKET VALUE
$4,058,357
SUMMARY
This Mixed-Use Residential Asset represents a High-Potential Investment Opportunity, listed at $3,990,000—positioned well below the $4,058,358 Fair Market Value by 1.68%. This valuation gap offers $68,358 in Instant Equity. With a Condition Rating of 4, the property features a 5-unit configuration including a permitted ADU, providing immediate rental income streams. Located in a top-tier school district near Palo Alto High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand downtown location.
Estimated Market Value
$4,058,357
Based on Realkey algorithm analyzing recent comparable sales in Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 207 Hawthorne Avenue Subject 0 bd · 0 ba · 3,142 sqft · $1,292 | $3,990,000* List Price | 0 | 0 | 3,142 | $1,292 | - |
A 510 Waverley Street Active 0 bd · 0 ba · 2,570 sqft · $1,342 · 0.4 mi | $3,450,000 List Price | 0 | 0 | 2,570 | $1,342 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1902, the property appears well-maintained externally with a newer ADU permit; however, the 'classic' description and age suggest interiors and core systems are likely dated (>20 years) and will require modernization to meet current luxury standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palo Alto High School (9/10).
- Prime Downtown Location
Situated in the heart of downtown Palo Alto, the property offers exceptional walkability to University Avenue’s amenities, Stanford University, and Caltrain, ensuring high tenant demand and long-term appreciation.
- Versatile Income Streams
The unique 5-unit configuration, including a permitted ADU, provides multiple rental income sources, making it an ideal asset for portfolio builders or owner-occupants seeking significant mortgage offset.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3142, other record living area = 2788.
- Historic Maintenance Requirements
Originally constructed in 1902, the property may require ongoing capital expenditures for structural maintenance and system upgrades typical of century-old residential buildings.
- Premium Entry Price
With a list price of $3.99M, the high cost per square foot may result in lower initial capitalization rates, which could be a deterrent for investors focused strictly on immediate cash-on-cash returns.
About 207 Hawthorne Avenue
The property is located at the corner of Emerson St and Hawthorne Ave. The unit at 171 Emerson Street is a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 5-unit configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. Located in downtown Palo Alto, this unique property combines a residence with multiple rental units and proven income potential, while maintaining the warmth and appeal of a classic residential home rather than the feel of a multi-unit apartment complex. Proximity to University Avenue's restaurants, cafes, and boutiques. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhances the locations residential and investment appeal. Top-rated local schools add significant value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1902
- Lot Size
- 6,500 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Addison Elementary School
Grades K-5 • 0.9 mi
7/10
David Starr Jordan Middle School
Grades 6-8 • 1.8 mi
8/10
Palo Alto High School
Grades 9-12 • 0.8 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,142 | 3,940 |
| Lot Size | 6,500 | 5,625 |
| Price | $3.99M | $3.61M |
| Price per sq ft | $1.3K | $916 |
| Built year | 1902 | 1904 |
| HOA | $0 | $0 |
| Days on market | 11 | 31 |
Pricing History
Listed for Sale
Oct 13, 2026
$3,990,000
Initial Listing