
California
This High-Value Redevelopment Asset is listed at $2,640,000, positioned with stability relative to its $2,546,901 Fair Market Value. Currently holding a Fair Condition Rating, the 1952 structure provides $5,400 monthly rental income while awaiting permits for a 3,000+ sqft modern home and ADU. The property offers access to Top-Rated Schools like Almond Elementary, Blach Junior High, and Los Altos High. This is a high-upside Silicon Valley acquisition ideal for Developers or Visionary Owner-Builders seeking to build in an elite, appreciating community.
Property is moderate renovation needed.
Built in 1952, this property is an aged home that has been maintained through regular upkeep and occasional updates. While the description notes 'freshly painted, brand new carpet, a new washing machine, and dishwasher,' and the kitchen images show updated cabinets and countertops, the overall structure is over 70 years old. The kitchen appliances are a mix of new (dishwasher) and older (refrigerator), and the lighting is basic. Crucially, there are no images of the single bathroom, which is a significant unknown for a home of this age. Major systems (HVAC, electrical, plumbing) are likely original or very old, even if functional. It is move-in ready and livable, but it requires minor updates beyond the recent cosmetic ones to meet modern standards, aligning with the 'Fair' condition criteria.
Strategically located near Mountain View, Los Altos, Stanford, and Palo Alto, offering unparalleled access to major tech employers (Google, Apple, Facebook) and a highly desirable lifestyle.
Situated within a highly-regarded school district, providing access to top-rated schools like Benjamin Bubb, Bullis Charter, and Los Altos High, a significant draw for families.
Explicitly highlighted opportunity to build a new 3000+ sq ft modern single-family home with an attached ADU, with permits soon available, indicating substantial upside for a custom build or investment.
The property is tenant-occupied ('Do not disturb tenant'), which can complicate showings, due diligence, and possession timelines for a new owner.
The 1952-built home is small (1006 sqft) with only 1 bathroom, making it functionally outdated and undersized for modern family living, likely necessitating a tear-down or extensive renovation.
The list price of $2.64M is primarily reflective of land value and redevelopment potential, not the current structure, which may deter buyers seeking a move-in ready home at this price.
Do not disturb tenant. Enjoy all that Mountain View, Los Altos, Stanford and Palo Alto have to offer. Conveniently located almost in North Los Altos just beside multimillion dollar houses in Los Altos. Near google, Facebook and Apple Take advantage of great schools like Benjamin Bubb, Bullis Charter school ( Lottery) , Isacc Newton, Blach junior and Los Altos High. Play tennis in 5+ nearby tennis courts in LAH. It is freshly painted, features brand new carpet, a new washing machine, and dishwasher. You can enjoy to live in, or continue to rent $5,400 , or build your brand new dream home when you are ready to do so. As permit for a 3000 -+ sq, for a new modern single family home + attached ADU would be available soon. For additional renderings , and design floor plans contact Fara
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 1.0 | 3.0 | 8% |
| Square foot | 1,006 | 2,112 | 4% |
| Lot Size | 6,470 | 7,364 | 44% |
| Price | $2.64M | $3.51M | 16% |
| Price per sq ft | $2.6K | $1.9K | 92% |
| Built year | 1952 | 1964 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 1100 | 90 | 0% |
Apr 18, 2023
$2,640,000
Initial Listing