340 Palo Alto AVE, Palo Alto, CA 94301
- $6,300,000
Listed by Joel Hopman, 415-722-2200 from Newmark Cornish & Carey
(If provided) CoList: from
- List Price
- $6,300,000
- MLS#
- ML82054496
- Status
- ACTIVE
- Zoning
- R1
- Lot Size
- 7,200
- Neighborhood
- Downtown Palo Alto
Property Description
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.
/u.realgeeks.media/finegroupre/257cec4a3573-Fine_Group_LOGO_.png){kind=logo}
Additional Information
- Development Status
- Other - Call Listing Agent
- Fence
- None
- Lot Description
- Grade - Level, Regular
- Lot Size
- 7,200
- Neighborhood
- Downtown Palo Alto
- Other Utilities
- Public Utilities
- Parcel Access
- City Street, Paved Road
- Present Use
- Single Family
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R1
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fine Group Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2026 MLSListings Inc. All rights reserved