246 Palo Alto Avenue, Palo Alto, CA 94301

Palo Alto
Local realty services provided by:ERA Excel Realty
246 Palo Alto Avenue,Palo Alto, CA 94301
$3,495,000
  • 1 Beds
  • 1 Baths
  • 1,020 sq. ft.
  • Single family
  • Pending
Listed by: julie tsai law
Office: compass650-323-1111
MLS#:ML82059476
Source:CRMLS

Price summary

  • Price:$3,495,000
  • Price per sq. ft.:$3,426.47

About this home

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.

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Home facts

  • Year built:1923
  • Listing ID #:ML82059476
  • Added:57 day(s) ago
  • Updated:October 25, 2026 at 08:16 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Flooring:Wood
  • Kitchen Description:Refrigerator
  • Living area:1,020 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1923
  • Building area:1,020 sq. ft.
  • Lot area:0.16 Acres
  • Foundation Description:Concrete Perimenter

Schools

  • High school:Palo Alto
  • Middle school:Other

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,495,000
  • Price per sq. ft.:$3,426.47

Parking

  • Total parking spaces:1
  • Garage:Yes
  • Garage spaces:1
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