RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room,… Read More wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto. Read Less
Courtesy of Compass, Julie Tsai Law 650-799-8888
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
1
Full Baths
1
Square Ft.
1,020
Lot Size
0.16 Acres
Year Built
1923
MLS Number
ML82059476
30 Days Snapshot Of 94301
$4.27M
-46%
(avg) sold price
12
+71%
homes sold
40
+29%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 7150.00, Max Area Units: Square Feet
Building
Built in 1923, 1,020 square feet, 1,020 living square feet, Building type: Detached
Dining Room
Dining Area
Family Room
Separate Family Room
Fireplaces
1 fireplace (minimum), Wood Burning
Floors
Vinyl / Linoleum, Hardwood
Foundation
Concrete Perimeter
Roof
Composition
Cooling
None
Kitchen
Countertop - Tile, Oven Range - Gas, Refrigerator
Laundry
Washer / Dryer, Inside
Garage
1 garage space, Detached Garage
Water Features
Public
Heating
Other
Utilities
Public Utilities
Sewer
Sewer - Public
Property
Zoning: R1, Horse property?: No
Fence
Wood
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