The actual location of the property is 171 Emerson St and 207 Hawthorne Ave. A downtown Palo Alto corner property combining a separate residence with multiple rental units and established rental income, this property combines classic residential character with proximity to University Avenues restaurants, cafes, boutiques, and Stanford Theatre. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhance the locations residential and investment appeal. Top-tier local schools add desired value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. 171 Emerson Street offers 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. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.