Property Map
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Courtesy of KW Advisors, Wen Guo RE Group 650-817-5000
Description
Discover an extraordinary opportunity in Palo Alto’s vibrant midtown: a sprawling 21k sq ft property, one of the area’s largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5,000 sq ft each. The flexibility extends to the option of constructing two 4,000 sq ft main residences plus two expansive 1,200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.
Property Details and Features
Listing
- Source: MLSListings
- Listed on 2024-03-18 00:00:00
Lot
- Max Area: 20788.00
- Max Area Units: Square Feet
Bedrooms
- 7 bedrooms
Bathrooms
- 4 full bathrooms
Location
- County: Santa Clara
Building
- Built in 1947
- 3,276 square feet
- 3,276 living square feet
- Building type: Detached
Dining Room
- Dining Area
Family Room
- No Family Room
Floors
- Laminate
- Stone
- Tile
- Carpet
- Wood
- Hardwood
Foundation
- Concrete Slab
Roof
- Shingle
- Composition
Cooling
- None
Kitchen
- Countertop – Solid Surface / Corian
- Dishwasher
- Garbage Disposal
- Oven Range – Gas
- Refrigerator
Laundry
- Washer / Dryer
- Inside
Garage
- 5 garage spaces
- Covered Parking
- Detached Garage
Water Features
- Public
Heating
- Wall Furnace
Utilities
- Public Utilities
Sewer
- Sewer – Public
Property
- Zoning: R1
- Horse property?: No
Schools
- Elementary school district: Palo Alto Unified
- High school district: Palo Alto Unified
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Listings last updated on May 7, 2024 1:04PM.