$ 5,298,000
440 1st Street ST Los Altos, CA 94022
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$ 5,298,000
Est. payment | /mo
5,495 Sqft Lot
$ 5,298,000
Est. payment | /mo
5,495 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID ML81960049
Lot Size 5,495 Sqft
Property Description
UNLIKE ANYTHING COMING OR AVAILABLE in charming downtown Los Altos. This fully entitled, architecturally designed development offers four units, each of a large size previously only possible by buying and putting 2 units together. Sold as an approved development ready to pull building permits, known to the trade as "shovel ready". The building provides elevator access to all floors, a small shared gym. two full size parking spaces per unit (no electronic lifts) with EV charging and a spare 9th space, individual storage rooms and a bicycle room. Designed with 2 three bedroom + office townhomes featuring 3.5 baths with over 3,000 sq ft each with private rear yard patios. They have a secondary access to the main elevator and have uniquely designed second floors that have been turned horizontal so as not to have long hallways. The 2 pent-houes of almost 2,000 sq ft each have 2 bedrooms, one could have a third or office, 2.5 baths and each has its' own large roof top deck with extraordinary views. This unique opportunity is perfect for a builder - developer - a 1031 exchange - an investor to rent - or a future homeowner who might want to have it custom built for themselves, their family or to live in one and have rental income. Save years of design and approvals.
Location
State CA
County Santa Clara
Area North Los Altos
Zoning R3/CD
Exterior
Fence Other
Utilities Available Electricity - On Site, Gas - Available at Street, Public Utilities
View Downtown, Hills, Park
Present Use Business/Professional
Building
Lot Description Grade - Level, Surveyed
Sewer Sewer - Public, Sewer Connected
Water Public, Water On Site
Others
Tax ID 167-41-009
Horse Property No
Special Listing Condition New Subdivision
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Listed by Abby Ahrens • The Abigail Company
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Pete Ruiz
Agent | License ID: 01974535