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

389 First Street 31
Los Altos, California 94022
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,303 | 1,386 | 42% |
| Lot Size | - | - | 50% |
| Price | $2.79M | $2.79M | 50% |
| Price per sq ft | $2.1K | $1.6K | 92% |
| Built year | 2024 | 1992 | 83% |
| HOA | $762.0 | $792 | 42% |
| Days on market | 52 | 164 | 25% |
Pricing History
Listed for Sale
Jan 14, 2026
$2,788,000
Initial Listing
Sold
Jun 12, 2025
$1,500,000
Public Record


























