488 Knoll Drive, Los Altos, California 94024, Los Altos, 94024 - 3 bed, 3 bath
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Los Altos, California 94024
Analysis of 488 Knoll Drive, Los Altos, California 94024 is currently available with a list price of $5,888,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
The property features a kitchen and laundry area that were renovated approximately 15-20 years ago, featuring granite countertops, wood cabinetry, and stainless steel appliances. However, the remainder of the 1948-built home shows significant signs of age and deferred cosmetic maintenance, including heavily stained and worn carpeting, dated tile flooring, and older light fixtures. While the home is functional and livable, it requires substantial cosmetic updates to meet modern standards, especially given the high land value and neighborhood profile.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34580, living area = 2057.
Elementary School: Loyola Elementary School (9/10). Middle School: Georgina P. Blach Junior High School (10/10).
The massive 34,580 square foot lot (0.79+ acres) provides a rare and significant canvas to build a custom 'forever' grand estate in a prestigious Los Altos neighborhood.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1948 and held by the same family for over 75 years, the 2,057 square foot home likely requires extensive renovation or a complete teardown to meet modern luxury standards.
With a list price of nearly $5.9 million, the property represents a significant initial investment primarily for the land, requiring substantial additional capital for construction or modernization.
Our apologies for the delay in being able to look at offers. You may now submit and we will gladly review. INCREDIBLE VIEWS abound from this 34,580 square foot (.79+ acre) lot in a serene and picturesque part of Los Altos. You have an opportunity to build your Family "Forever" Grand Estate on this one-of-a-kind property...OR just relax in this charming single story home that boasts 2,057 square feet of living space comprising 3 bedrooms, 3 bathrooms, living & dining rooms, and a detached 2-car garage, which has been occupied by the same family for over 75 years, lounging poolside while soaking in the sun and views. Los Altos has a top-tier high school, and this property is in close proximity to shopping, dining, world-class medical, transportation, and everything else the San Francisco Bay Area has to offer.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 22% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,057 | 2,377 | 22% |
| Lot Size | 34,580 | 13,600 | 85% |
| Price | $5.89M | $4.60M | 85% |
| Price per sq ft | $2.9K | $1.9K | 93% |
| Built year | 1948 | 1957 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 84 | 15% |
Mar 23, 2026
$5,888,000
Initial Listing