340 Palo Alto AVE, Palo Alto, CA 94301
340 Palo Alto AVE, Palo Alto, CA 94301
340 Palo Alto AVE, Palo Alto, CA 94301
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Joel Hopman • Newmark Cornish & Carey, DRE#01934574
$6,300,000
Est. payment /mo
7,200 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82054496

Lot Size 7,200 Sqft

Property Sub-Type Residential Development Land

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

Exterior

Fence None

Utilities Available Public Utilities

Present Use Single Family

Building

Lot Description Grade - Level, Regular

Sewer Sewer - Public

Water Public

Others

Tax ID 120-12-045

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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340 Palo Alto AVE

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