• 440 1st Street Street Los Altos, CA 94022

  • $5,298,000
  • 0
    Sq Ft
  • 5495
    Sqft
  • Listed By: Abby Ahrens, The Abigail Company, DRE #00325241
  • Source: CRMLS

UNLIKE ANYTHING COMING OR AVAILABLE in charming downtown Los Altos. This fully entitled, architecturally designed development offers four units, each of a large size previously only possible by buying and putting 2 units together. Sold as an approved development ready to pull building permits, known to the trade as "shovel ready". The building provides elevator access to all floors, a small shared gym. two full size parking spaces per unit (no electronic lifts) with EV charging and a spare 9th space, individual storage rooms and a bicycle room. Designed with 2 three bedroom + office townhomes featuring 3.5 baths with over 3,000 sq ft each with private rear yard patios. They have a secondary access to the main elevator and have uniquely designed second floors that have been turned horizontal so as not to have long hallways. The 2 pent-houes of almost 2,000 sq ft each have 2 bedrooms, one could have a third or office, 2.5 baths and each has its' own large roof top deck with extraordinary views. This unique opportunity is perfect for a builder - developer - a 1031 exchange - an investor to rent - or a future homeowner who might want to have it custom built for themselves, their family or to live in one and have rental income. Save years of design and approvals.

Property Type :

Land

County :

Santa Clara

Style :

Land

Sell a home like this and save $317,381 Find Out How

Property Details

 

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1261

Lot Size Source: Other

Lot Size Square Feet: 5495

Listing Price Information

Original List Price: 5,298,000

Listing Contract Date: 2024-04-04

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 16741009

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 699 - Not Defined

Directions: Cross Street: San Antonio Road / Lyell / Main Street

Zoning: R3/CD

Source Property Type: Land

Area: 699 - Not Defined

Building and Construction

Year Built Source: Vendor Enhanced

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
200 Almond Avenue, Los Altos, CA,94022 $2,998,000 -- -- -- 13300 Sqft
4388 El Camino Real #29, Los Altos, CA,94022 $1,849,500 3 2 1,600 --
641 Spargur Drive, Los Altos, CA,94022 $8,930,000 5 4 6,308 13493 Sqft
389 First Street #23, Los Altos, CA,94022 $2,848,000 2 2 1,379 --
4880 El Camino Real #52, Los Altos, CA,94022 $1,720,000 2 2 1,189 --
389 First Street #32, Los Altos, CA,94022 $2,598,000 2 2 1,332 --
389 First Street #24, Los Altos, CA,94022 $2,891,000 3 2 1,495 --
389 First Street #21, Los Altos, CA,94022 $2,498,000 2 2 1,303 --
389 First Street #20, Los Altos, CA,94022 $2,578,000 2 2 1,332 --
389 First Street #14, Los Altos, CA,94022 $2,598,000 2 2 1,332 --

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/16/2024 @ 14:38

MLS: ML81960049
LISTED BY: Abby Ahrens, The Abigail Company
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $317,381 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion