1033 Amarillo Avenue
Palo Alto, CA 94303
- 7 beds
- – baths
- 3,276 sqft
- ~1/2 acre lot
- $1,922 per sqft
- 1947 build
- – on site
Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a sprawling 21k sq ft property, one of the area's largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5,000 sq ft each. The flexibility extends to the option of constructing two 4,000 sq ft main residences plus two expansive 1,200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.
Listing courtesy of BRIDGE / KW Advisors
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Last updated Apr 21, 2024
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MLS# ML81958081 —
This property is listed in more than one place. See it here, and here, and here, and here, and here.
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/19/24
Mar 19, 2024
|
Listed / Active | BRIDGE | $6,298,000 | 26.0% (9.0% / YR) |
4/30/21
Apr 30, 2021
|
CRMLS_CA | $5,000,000 | -9.1% | |
4/15/21
Apr 15, 2021
|
CRMLS_CA | $5,498,000 |