REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Eddie Oberoi

info@eddieoberoi.com +1(408) 771-4088

Listed by Julie Tsai Law • Compass, DRE#01339682

$3,750,000

Est. payment - /mo

1 Bed

1 Bath

1,020 SqFt

Save

Open House

Sat Aug 29, 2:00pm - 4:30pm

Sun Aug 30, 2:00pm - 4:30pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,020 sqft

Price per Sqft $3,676

MLS Listing ID ML82059476

Bedrooms 1

Full Baths 1

Year Built 1923

Lot Size 7,150 Sqft

Property Sub-Type Single Family Home

Property Description

RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

Location

State CA

County Santa Clara

Area Downtown Palo Alto

Zoning R1

Rooms

Family Room Separate Family Room

Dining Room Dining Area

Kitchen Countertop - Tile, Oven Range - Gas, Refrigerator

Interior

Heating Other

Cooling None

Flooring Vinyl / Linoleum, Hardwood

Fireplaces Type Wood Burning

Laundry Washer / Dryer, Inside

Exterior

Parking Features Detached Garage

Garage Spaces 1.0

Fence Wood

Utilities Available Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 120-24-033

Horse Property No

Special Listing Condition Not Applicable

Read Less Info

Nearby Locations

GET MORE INFORMATION

Eddie Oberoi

+1(408) 771-4088

Agent License ID: 01323567

246 Palo Alto AVE Palo Alto, CA 94301

Eddie Oberoi

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION

Go tour this home

246 Palo Alto AVE