389 First Street 31, Los Altos, California 94022, Los Altos, 94022 - 2 bed, 3 bath

389 First Street 31, Los Altos, California 94022 home-pic-0

389 First Street 31

Los Altos, California 94022

ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,303Sq Ft
Lot Size

Property Price

LIST PRICE$2,788,000

SUMMARY

Analysis of 389 First Street 31, Los Altos, California 94022 is currently available with a list price of $2,788,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Altos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This is a brand-new 2024 luxury penthouse construction featuring top-tier finishes including Wolf and Sub-Zero appliances, rift-sawn white oak cabinetry, Caesarstone quartz countertops, and high-end amenities like heated bathroom floors and La Cantina bifold doors.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Downtown Walkability

    Situated in the heart of downtown Los Altos, this property offers unparalleled pedestrian access to premier dining and shopping, including Draeger's Market and Los Altos Grill.

  • Ultra-Luxury Finishes

    The unit features high-end specifications including Wolf and Sub-Zero appliances, rift-sawn white oak cabinetry, and La Cantina bifold doors, catering to the most discerning buyers.

  • Superior Construction Quality

    Built in 2024 with a focus on privacy and safety, the building includes extra soundproofing layers, 2-hour fire-rated construction, and high-end Level 4-5 wall finishes.

CONSRISKS & DEFICIENCIES

  • Recently Sold Property

    The property was recently sold within the past year on 2025-06-12. The sold price is $1,500,000.00.

  • High Price per Square Foot

    At a list price of $2,788,000 for 1,303 square feet, the property commands a significant premium of over $2,100 per square foot, which may limit the buyer pool.

  • Compact Living Space

    For a penthouse-level residence at this price point, the 1,303 square foot interior may feel restrictive for buyers seeking more expansive luxury accommodations.

About 389 First Street 31

Penthouse level in a new luxury condominiums in downtown Los Altos*only 10 residential units*fitness center*roof top deck with full kitchen, seating, fire-table, and barbecue with views*two interior courtyard gardens*2-hour fire rated for added safety*extra layers of drywall for sound*gas fireplaces*heated flooring in primary bath*curb-less shower w/linear drains and bench seat*La Cantina bifold doors to pedestal balcony*bidet toilet in primary bath*gas Wolf cooktop*Sub-zero appliances*slow-close rift sawn real white oak cabinetry*real white oak 7.5 inch plank flooring*Caesarstone quartz counter top and backsplash*backlit and defogging mirrors*solid core doors*level 4-5 finish on walls*9-14 foot unit ceiling height* washer & dryer included*tankless water heater*nest thermostats*private storage locker at grade*shared bike storage room*one parking space per bedroom*extra wide and tall hallways*custom solid oak-stained stairway in shared areas*elevator finished with gold metal, an end-cut, butcher block & white oak flooring*custom Los Altos art throughout the building to help feel at home*everything you would expect in a luxury development* conveniently located in downtown Los Altos and an easy walk to Draegers/Los Altos Grill/Safeway/Main Street/State Street,&more*Los Altos Schools

Property Details

Public Facts

Property Type
Condominium
Year Built
2024
Lot Size
-

Interior

Total Bedrooms
2
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$762.0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths3.02.0
75%
Square foot1,3031,386
42%
Lot Size--
50%
Price$2.79M$2.79M
50%
Price per sq ft$2.1K$1.6K
92%
Built year20241992
83%
HOA$762.0$792
42%
Days on market52164
25%

Pricing History

Listed for Sale

Jan 14, 2026

$2,788,000

Initial Listing

Sold

Jun 12, 2025

$1,500,000

Public Record

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