340 Palo Alto Ave

Palo Alto, CA 94301
  • $6,300,000

    Price
  • 0.17

    Acre

About the Listing ML5009335 - ML5067060

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.

Listing Highlights for 340 Palo Alto Ave

Status Active
Days on Site 92
Property Type Vacant Land
MLS ® ML82054496
Year Built
Lot/Acreage 0.17
County Santa Clara
School District Palo Alto Unified
High School Palo Alto

Interior Details

  • Appliances:
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  • Water: Public

Exterior Details

  • Lot Description: Level,No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 0
  • Zoning: R1
  • Roof:
  • Others:
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 12012045
  • Tax Year: N/A

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Listing Location

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340 Palo Alto Ave Palo Alto, CA 94301

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Originating MLS: CRMLS

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Yury Medrano

Realtor | Los Angeles, CA & Boise, ID | Silvercreek Realty Group | Sky Homes & Estates

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