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706 University Avenue, Los Altos, California 94022, Los Altos, 94022 - 3 bed, 3 bath

706 University Avenue, Los Altos, California 94022 home-pic-0
ACTIVE$5,788,000
706 University Avenue, Los Altos, California 94022
3Beds
3Baths
1,944Sqft
14,178Lot
Year Built
1951
Close
-
List price
$5.79M
Original List price
$5.79M
Price/Sqft
$2,977
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017019
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 10% below the list price. We found 4 Cons,6 Pros. Rank: price - $5.79M(61th), sqft - 1944(21th), beds - 3(29th), baths - 3(50th).

Located on one of the most sought-after streets in Los Altos, this property is walkable to downtown, offering the perfect blend of charm, convenience, and long-term potential with Los Altos Schools. This residence offers approx. 1,944 square feet of living space on a generous 14,178 square foot lot. Home went through a permitted remodel with 3 bedrooms, all new bathrooms, kitchen, floors, paint, HVAC, tankless water heater... Other lot options are shown in the photos. Finished remodel, with flexibility for buyers who may want to: Move in and make it their forever home, live in the property during the entitlement process for a future custom build, explore SB9 potential, including duplex or two-home configurations (subject to city approvals). Photos include a current photo of the front exterior, example of one large home on the large property (photo and layout), SB9 opportunities with layouts and renderings. Here is the SB9 information guide link from the City of Los Altos: https://www.losaltosca.gov/DocumentCenter/View/797/SB9-Information-Handout-PDF?bidId= Reach out for more information.

Price History

Date
Event
Price
10/30/25
Listing
$5,788,000
04/29/25
Sold
$3,502,500
Condition Rating
Excellent
Despite being built in 1951, the property has undergone a comprehensive and permitted remodel, as explicitly stated in the description. This includes all new bathrooms, kitchen, floors, paint, HVAC, and a tankless water heater. The images confirm a modern, high-quality aesthetic with new appliances (implied by 'new kitchen'), contemporary light fixtures (recessed lighting, backlit mirrors), and pristine flooring throughout. The bathrooms feature modern vanities, fixtures, and stylish tiling. All visible components appear new or virtually new, indicating a recent renovation that meets current quality standards with no deferred maintenance.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14178, living area = 1944.
Prime Location & Walkability: Situated on one of Los Altos' most sought-after streets, offering excellent walkability to downtown amenities and services.
Extensive Recent Remodel: The home has undergone a permitted, comprehensive remodel including new bathrooms, kitchen, floors, paint, HVAC, and tankless water heater, providing modern comforts.
Generous Lot Size: A substantial 14,178 square foot lot offers ample outdoor space and significant future development potential.
Development Potential (SB9): The property presents significant opportunities for future development, including duplex or two-home configurations under SB9, subject to city approvals.
Top-Rated School District: Located within the highly desirable Los Altos School District, a major draw for families seeking excellent educational opportunities.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-04-29. The sold price is $3,502,500.00.
High Price Point: The list price of $5.788 million represents a substantial investment, potentially limiting the pool of prospective buyers.
Moderate Living Space for Price: With 1,944 square feet of living space, the existing home is moderate in size relative to the high price point and large lot, suggesting significant value is in the land and future potential rather than the current structure's size.
Conditional Development Potential: While SB9 potential is a strength, its realization is 'subject to city approvals' and requires an 'entitlement process,' introducing uncertainty, time, and additional investment for the buyer.

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