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Additional details
Listed by Joel Hopman • Newmark Cornish & Carey, DRE#01934574
$6,300,000
Est. payment /mo
2 Beds
1 Bath
1,120 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,120 sqft
Price per Sqft $5,625
MLS Listing ID ML82055000
Bedrooms 2
Full Baths 1
Year Built 1910
Lot Size 7,200 Sqft
Property Sub-Type Single Family Home
Property Description
340 Palo Alto Avenue consists of a charming single-story 2 bed 1 bath home on a +/- 0.2 acre lot with rare development potential in prime North Downtown Palo Alto. Ownership has filed an SB79 application to develop a 3-story, 6-luxry condo project. The +/- 1,500-1,550 sq. ft. 3 bedroom 3.5 bath premium condos will feature large terraces overlooking the tree-lined San Francisquito Creek. The property will feature a lobby entry with an elevator, two stairwells, privatized storage for each unit, at-grade parking, an interior trash/recycling room, all-electric service, and an attractive exterior façade consisting of painted brick and wood elements, a nod to its contemporary and greenbelt surroundings. Additionally, an option may exist to add a 7th penthouse suite unit which would be a larger +/- 1,800 sq. ft. residence on its own floor, with spectacular views. The property feeds to the #1 ranked school district in California; Addition Elementary, Greene Middle and Palo Alto High schools. The amenity-rich location is convenient to retail and restaurant options of University Avenue and Stanford Shopping Center, Caltrain Station, major transportation arteries, and world-class Silicon Valley employers.
Location
State CA
County Santa Clara
Area Downtown Palo Alto
Zoning R1
Rooms
Family Room Kitchen / Family Room Combo
Dining Room Dining Area
Interior
Heating Forced Air
Cooling None
Exterior
Parking Features Off-Street Parking, Parking Area
Fence None
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Lot Description Grade - Level, Regular
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Tax ID 120-12-045
Horse Property No
Special Listing Condition Not Applicable
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