340 Palo Alto AVE, Palo Alto, CA 94301
- $6,300,000
- 2
- BD
- 1
- BA
- 1,120
- SqFt
Listed by Joel Hopman, 415-722-2200 from Newmark Cornish & Carey
(If provided) CoList: from
- List Price
- $6,300,000
- MLS#
- ML82055000
- Status
- ACTIVE
- Bedrooms
- 2
- Total Bathrooms
- 1
- Full Bathrooms
- 1
- Sqft. of Residence
- 1,120
- Lot Size
- 7,200
- Listing Area
- Downtown Palo Alto
- Year Built
- 1910
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.
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Additional Information
- Cooling System
- None
- Family Room
- Kitchen / Family Room Combo
- Fence
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Off-Street Parking, Parking Area
- Heating System
- Forced Air
- Living Area
- 1,120
- Lot Description
- Grade - Level, Regular
- Lot Size
- 7,200
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R1
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