Prime 5 unit building (all units have been remodeled) that can be kept as-is or a great redevelopment opportunity in Palo Alto. This pride of ownership asset is located within walking distance to Stanford University, & features (4) 1BD/1BA units and (1) 2 Bedroom unit on a large 8130 square foot lot. There is a unique opportunity to develop this parcel in accordance with SB-10, which goes into effect on 1/1/22. SB-10 facilitates the passage of high-density housing developments, while allowing cities to forego environmental review & override local land-use restrictions when approving developments. All 5 units are rented. The average rent for 2022 is $2300.00 per door. The rood material was made by NASA with a lifetime warranty. This is the lowest price per square foot in Palo Alto!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
