246 Palo Alto AVE Palo Alto, CA 94301 Open Sun 2PM-4:30PM
UPDATED: 08/29/2026 04:11 AM ON SITE: 1 days on site
$3,750,000
1 Bed1 Bath1,020 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Home
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
Year Built 1923
Lot Size 7,150 Sqft
Property Sub-Type Single Family Home
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.
Based on information from the MLSListings MLS as of 08/30/2026 04:52
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings Inc. MLS system. Real estate listings held by brokerage firms other than Blok are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.