340 Palo Alto Avenue, Palo Alto, CA 94301
340 Palo Alto Avenue, Palo Alto, CA 94301
340 Palo Alto Avenue, Palo Alto, CA 94301
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$6,300,000
Est. payment /mo
7,200 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82054496

HOA Y/N No

Lot Size 7,200 Sqft

Property Sub-Type Unimproved Land

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

Zoning R1

Interior

Fireplace No

Building

Lot Description Level, Rectangular Lot

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Palo Alto Unified

Others

Tax ID 12012045

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Bridge MLS
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Listed by Joel Hopman • Newmark Cornish & Carey

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Realtors DRE01254724 / 01254725

Realtors DRE01254724 / 01254725

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