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Bill Truong

sellbybill@gmail.com +1(510) 821-0755

Listed by Joel Hopman • Newmark Cornish & Carey, DRE#01934574

$ 6,300,000

Est. payment | -/mo

2 Beds

1 Bath

1,120 SqFt

Save

$ 6,300,000

Est. payment | -/mo

Save

2 Beds

1 Bath

1,120 SqFt

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

+1(510) 821-0755

sellbybill@gmail.com

39465 Paseo Padre Parkway # 1500, Fremont, CA 94539, United States

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340 Palo Alto AVE Palo Alto, CA 94301