REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Julie Tsai Law • Compass
$ 3,750,000
Est. payment /mo
Open Sat 2PM-4:30PM
246 Palo Alto Avenue Palo Alto, CA 94301
1 Bed
1 Bath
1,020 SqFt
Open House
Sat Aug 29, 2:00pm - 4:30pm
Sun Aug 30, 2:00pm - 4:30pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,020 sqft
Price per Sqft $3,676
MLS Listing ID ML82059476
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1923
Lot Size 7,150 Sqft
Property Sub-Type Detached
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Santa Clara
Interior
Heating Other
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Wood Burning
Fireplace Yes
Exterior
Garage Spaces 1.0
Private Pool false
Building
Story 1
Water Public
Schools
School District Palo Alto Unified, Palo Alto Unified
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
NEARBY SCHOOLS & PROPERTIES