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Description Open House Details Location Market Trends Schools Recent Sales
Open House
Sunday, April 28th 2024 : 2:30pm to 4:30pm
$6,298,000 Est. $22,400 / mo.*

1033 Amarillo Ave Palo Alto , CA 94303

Courtesy of KW Advisors, Wen Guo RE Group 650-817-5000

Description

7 Beds
4 Baths
3,276 Sqft
20,788 Sqft lot
0.48 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1947
Days on Website: 40
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.

Open House

Property Details and Features

Listing
Source:
MLSListings
Listed on 2024-03-18 00:
00:00
Lot
Max Area:
20788.00
Max Area Units:
Square Feet
Bedrooms
7 bedrooms
[+] Read More

Contact an Agent

Kathy Chan

4153703776 4153703776

Location

$6,298,000 -
1033 Amarillo Ave Palo Alto , CA 94303
County: Santa Clara

Street View

Nearby Schools

Recent Sales in the Area

Listings last updated on April 28, 2024 1:04PM.

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