246 Palo Alto Avenue, Palo Alto, CA 94301

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246 Palo Alto Avenue, Palo Alto, CA 94301

$3,750,000 (Active)

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Listed by: Julie Tsai Law - Compass

$$3,750,000

Active

est.$3,750,000/month.

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1 beds. 1 baths. 1,020 Sqft.

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Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

246 Palo Alto Avenue, Palo Alto, CA 94301

$3,750,000

Active

est.$3,750,000/month.

Start My Approval

1 beds 1 baths 1,020 Sq.ft.

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Property details for 246 Palo Alto Avenue, Palo Alto, CA 94301

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.

Broker details: Compass

Listed by: Julie Tsai Law

Property Description

MLS Information

Listing: ML82059476
Listing Last Modified: 2026-09-07

Property Details

Standard Status: Active
MLS Status: Active
Built in: 1923
Lot size area: 7150 Square Feet

Geographic Data

County: Santa Clara

Features

Interior Features

Flooring: Vinyl, Hardwood
Bedrooms: 1
Full baths: 1
Living area: 1020
Fireplaces: 1

Exterior Features

Roof type: Composition
Pool: None
Foundation: Concrete Perimeter

Parking

Garage spaces: 1

Utilities

Sewer: Public Sewer
Water: Public
Heating: Other

Property Information

Rossetti Realty Inc.

246 Palo Alto Avenue, Palo Alto, CA 94301