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Sean Beattie

sean@brivio.com +1(415) 716-7190

Listed by Joel Hopman • Newmark Cornish & Carey

$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 Detached

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

HOA Y/N No

Year Built 1910

Lot Size 7,200 Sqft

Property Sub-Type Detached

Source Datashare MLSListings

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 fa ade 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

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Private Pool false

Building

Lot Description Level, Rectangular Lot

Water Public

Schools

School District Palo Alto Unified, Palo Alto Unified

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

340 Palo Alto Avenue Palo Alto, CA 94301

Sean Beattie

Key Details

Location

Interior

Exterior

Building

Schools

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