355 1st St, Los Altos, CA 94022

Fully Entitled & Ready-to-Issue (RTI) Years of entitlement risk, plan checks, and environmental mitigations are cleared. The project will be delivered “Shovel Ready†with the AHA, Final Map, and base monitoring contracts secured. Premium 50-Unit Scale & Mix Extremely rare density for this municipality, heavily weighted toward highly desirable, high-value 2- and 3-bedroom floor plans. Superior Parking Infrastructure 113 traditional, non-tandem parking spaces featuring EV charging for every unit and dedicated bike parking. Zero mechanical stackers or puzzle lifts, eliminating a major friction point for luxury buyers. Proven Top-of-Market Exits Positioned for luxury buyers, supported by highly relevant recent comparable sales exceeding $2,050 / Sq. Ft. Standout Design & Amenities Thoughtfully designed 4-story wood frame over subterranean parking. Features a stunning central atrium for natural light and an expansive, programmed rooftop deck flanked by lush greenery and a private dog park. Projected ~17.1% project level IRR Supported by strong market fundamentals and limited new condo supply.