340 Palo Alto AVE, Palo Alto, CA 94301
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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
340 Palo Alto AVE, Palo Alto, CA 94301
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The Walker Team

The Walker Team

The Walker Team

+1(650) 383-7298
Listed by Joel Hopman • Newmark Cornish & Carey, DRE#01934574
$ 6,300,000
Est. payment /mo
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340 Palo Alto AVE Palo Alto, CA 94301

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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340 Palo Alto AVE