340 Palo Alto Avenue

Property Overview

340 Palo Alto Avenue consists of a charming single-story 2 bed 1 bath home on a +/- 0.2 acre lot with rare development potential in prime North Downtown Palo Alto. Ownership has filed an SB79 application to develop a 3-story, 6-luxry condo project. The +/- 1,500-1,550 sq. ft. 3 bedroom 3.5 bath premium condos will feature large terraces overlooking the tree-lined San Francisquito Creek. The property will feature a lobby entry with an elevator, two stairwells, privatized storage for each unit, at-grade parking, an interior trash/recycling room, all-electric service, and an attractive exterior façade consisting of painted brick and wood elements, a nod to its contemporary and greenbelt surroundings. Additionally, an option may exist to add a 7th penthouse suite unit which would be a larger +/- 1,800 sq. ft. residence on its own floor, with spectacular views. The property feeds to the #1 ranked school district in California; Addition Elementary, Greene Middle and Palo Alto High schools. The amenity-rich location is convenient to retail and restaurant options of University Avenue and Stanford Shopping Center, Caltrain Station, major transportation arteries, and world-class Silicon Valley employers.

Home Details

Property type: Land
Lot size: 7,200 sq ft
Days on market: 99
MLS status: Active
Zoning: R1

Features & Amenities

Lot

Level

Community, Schools & Utilities

Schools

School district: Palo Alto Unified
Elementary school: Other
Middle school: Other
High school: Palo Alto

Utilities

Water: Public
Sewer: PublicSewer

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Location & Neighborhood

Palo Alto, CA 94301

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Frequently Asked Questions About 340 Palo Alto Avenue

Property type: Land

The current asking price is $6,300,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 340 Palo Alto Avenue. Our team will confirm availability and timing.

This property offers the living space reported in the listing. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Palo Alto, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Palo Alto property.

The MLS currently reports the property as Active. It has been listed for 99 days. Status can change, so verify availability before relying on it.