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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
2 Beds
1 Bath
1,120 SqFt
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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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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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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.