$5,298,000
Pending

440 1st Street Street

Los Altos, CA 94022
0.13 acres | #ML81960049
Listing OfficeThe Abigail Company
Browse 40 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

UNLIKE ANYTHING COMING OR AVAILABLE in charming downtown Los Altos. This fully entitled, architecturally designed development offers four units, each of a large size previously only possible by buying and putting 2 units together. Sold as an approved development ready to pull building permits, known to the trade as "shovel ready". The building provides elevator access to all floors, a small shared gym. two full size parking spaces per unit (no electronic lifts) with EV charging and a spare 9th space, individual storage rooms and a bicycle room. Designed with 2 three bedroom + office townhomes featuring 3.5 baths with over 3,000 sq ft each with private rear yard patios. They have a secondary access to the main elevator and have uniquely designed second floors that have been turned horizontal so as not to have long hallways. The 2 pent-houes of almost 2,000 sq ft each have 2 bedrooms, one could have a third or office, 2.5 baths and each has its' own large roof top deck with extraordinary views. This unique opportunity is perfect for a builder - developer - a 1031 exchange - an investor to rent - or a future homeowner who might want to have it custom built for themselves, their family or to live in one and have rental income. Save years of design and approvals.

  • Property Details
      • Utility FeaturesElectricityAvailable
      • ViewParkGreenbelt, Hills
      • Date ClosedDecember 30, 2024
      • Sewer InformationPublicSewer
      • CountySanta Clara
      • Original List Price$5,298,000
      • MLS #ML81960049
      • MLS #ML81960049
      • High SchoolLos Altos
      • Property TypePurchase
      • Cost5298000
      • Acres0.1261
      • Utility SourcePublic
      • Lot DescriptionLevel
      • School DistrictOther
      • Middle SchoolOther
      • Property SubtypeLand

Location

Bill PavkovReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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