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 schoo

• MLS: ML81953716
• Type: Single Family Home
• Listed: 3/18/2024
• Schools: GS Dist: Palo Alto Unified District
  HS Dist: Palo Alto Unified District
• Year Built: 1947

Flooring Carpet Hardwood Laminate Stone Tile Wood General Features Cooling: None Dining Room: Dining Area Family Room: No Family Room Heating: Wall Furnace Horse Property: No Listing Class: Residential Listing Service: Full Service Sewer Septic: Sewer - Public Subclass: Single Family Home Water: Public

Garage Parking Features Covered Parking Detached Garage Laundry Inside Washer / Dryer

Kitchen Countertop - Solid Surface / Cor Dishwasher Garbage Disposal Oven Range - Gas Refrigerator Roof Composition Shingle