440 1st Street ST, LOS ALTOS, CA 94022

MLS# ML81960049
Status: Active

  • $5,298,000

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  • 0.1261

    Approx. Lot Size
  • Listing Class: Residential Lots & Land
  • Property Type: Lot/Land

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    Julie Tsai Law

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    Julie Tsai Law

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    Julie Tsai Law Realty Group partners with you throughout your home search process, providing their expertise and deep knowledge of San Francisco Bay Area’s real estate market to help you find a home you love.

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    Details

    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.

    Features

    General Features

    • Listing ClassResidential Lots & Land
    • ZoningR3/CD
    • Horse PropertyNo
    • Property TypeLot/Land
    • Lot DescriptionGrade - Level,Surveyed
    • Parcel167-41-009
    • View DescriptionsDowntown,Hills,Park

    Exterior Features

    • FencingOther

      Utilities & Energy

      • UtilitiesElectricity - On Site,Gas - Available at Street,Public Utilities
      • Sewer/SepticSewer - Public,Sewer Connected
      • WaterPublic,Water On Site

      Market Conditions

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