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$3,750,000

Est. payment - /mo

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1 Bed

1 Bath

1,020 SqFt

Open 8/30 2PM-4:30PM

246 Palo Alto AVE Palo Alto, CA 94301

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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

Open House

Sun Aug 30, 2:00pm - 4:30pm

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,020 sqft

Price per Sqft $3,676

MLS Listing ID ML82059476

Bedrooms 1

Full Baths 1

HOA Y/N No

Year Built 1923

Lot Size 7,148 Sqft

Property Sub-Type Single Family Residence

Property Description

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, 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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning R1

Interior

Cooling None

Flooring Wood

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Refrigerator

Exterior

Garage Spaces 1.0

Garage Description 1.0

Fence Wood

View Y/N No

Roof Type Composition

Total Parking Spaces 1

Building

Story 1

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction No

Schools

Middle Schools Other

High Schools Palo Alto

School District Palo Alto Unified

Others

Tax ID 12024033

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Julie Tsai Law Compass #01339682

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