340 Palo Alto Avenue, Palo Alto, CA 94301
- $6,300,000
- 2
- BD
- 1
- BA
- 1,120
- SqFt
- List Price
- $6,300,000
- Status
- ACTIVE
- MLS#
- ML82055000
- Year Built
- 1910
- Bedrooms
- 2
- Bathrooms
- 1
- Living Sq. Ft
- 1,120
- Lot Size
- 7,200
- Acres
- 0.17
- Lot Location
- Level
- Days on Market
- 6
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
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.
Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- Palo Alto Unified
- Elementary School
- Other
- Middle School
- Other
- High School
- Palo Alto
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Joel Hopman (joel.hopman@nmrk.com) from Listing Office: Newmark Cornish & Carey.
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