Active

1033 Amarillo AVE

PALO ALTO CA, 94303

$6,298,000


$1,922.47 per sqft

Active

7 Beds

4 Baths

3,276 sqft

Residential

Built in 1947

Listed by KW Advisors, Wen Guo RE Group, Listing Contact: 6508175000

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 schools.

ML81953716

MLS ID

April 8, 2024

Updated

Map

1033 Amarillo AVE
PALO ALTO CA, 94303

Interior Features

Total Stories

1


Bedrooms

7 Beds


Bathrooms

4 Baths


Interior Features

Hardwood, Laminate, Tile, Wood


Appliances

Dishwasher, Refrigerator, Oven, Range, Washer, Disposal


Floor Description

Hardwood, Laminate, Tile, Wood


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.48 Acres


Roof

Composition, Shingle


Sewer

Public Sewer

School Information

School District

481

Other Property Details

Area Name

South Palo Alto


Garage

Yes


Garage Spaces

5


Parking

Detached


Parking Total

5


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

R1


Buyer Agency Compensation

2.5%

Listed by KW Advisors, Wen Guo RE Group,
Listing Contact: 6508175000 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Marc Roos & Eric Reitmeir Real Estate | CA DRE #02125453 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Marc Roos & Eric Reitmeir Real Estate | CA DRE #02125453 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 12:05 PM UTC, 4/8/2024

 

 

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