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1033 Amarillo Ave

PALO ALTO, CA 94303 View Map $6,298,000 Schedule a Tour
Beds7
Baths4
Sq.Ft.3,276
Year1947
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Status: Active
Property Type:Single Family Home
MLS #:ML81953716
Sq. Feet:3,276
On Site:88 Days
Lot Size:20,787 Sq. Ft.
County:Santa Clara
Discover an extraordinary opportunity in Palo Alto's vibrant midtown: a sprawling 21k sq ft property, one of the area's largest and most desirable lots. This unique offering includes 4 charming cottages: three 2-bed, 1-bath, and one 1-bed, 1-bath homes, complete with 5 garages, blending cozy living with vast development potential. Just got voted and approved for subdivision into two 10k sq ft lots, the site is ripe for the creation of two luxurious single-family homes, potentially spanning 5, 000 sq ft each. The flexibility extends to the option of constructing two 4, 000 sq ft main residences plus two expansive 1, 200 sq ft ADUs, potentially leveraging the latest AB 1033 bill allowing ADUs to be sold as separate condos. This opens the door to transforming the property into four distinct units, with a resale value potential of $15-20M. The proposed development offers an exceptional profit margin, all within a prime location near Stanford University, Downtown Palo Alto, and top rated schools.

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$000 Monthly Payment
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Detailed Maps

Community Information

Address:1033 Amarillo Ave, PALO ALTO, CA 94303
Zip:94303
Neighborhood:South Palo Alto

Architecture

Bedrooms: 7
Bathrooms: 4
Year Built:1947
Stories:1
Roof: Shingle, Composition
Foundation: Concrete Slab
Garage / Parking: Covered Parking, Detached Garage
Garage Spaces: 5 space

Features / Amenities

Floor: Laminate, Stone, Tile, Carpet, Wood, Hardwood
Full Baths: 4
Heating: Wall Furnace

Rooms

SizeDescription
Dining RoomDining Area
KitchenCountertop - Solid Surface / Corian, Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
LaundryWasher / Dryer, Inside

Property Features

Lot Size: 0.48 Acres / 20,787 Sq. Ft.
Cross Street: Greer
Water: Public
Utilities: Public Utilities
Sewer/Septic: Sewer - Public
Zoning:R1
Subclass: Single Family Home
Incorporated: Yes

Tax and Financial Info

Buyer Agency Compensation: 2.50%

Listing Agent/Office

Agent: Wen Guo Re Group
Office:KW Advisors
Broker Phone:650-817-5000

Schools

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1033 Amarillo Ave PALO ALTO,  CA 94303
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1033 Amarillo Ave PALO ALTO, CA 94303
 
ASAP
Fri
14
Jun
Sat
15
Jun
Sun
16
Jun
Mon
17
Jun
Tue
18
Jun
Wed
19
Jun
Thu
20
Jun
Choose Your Date -- It's Free, Cancel Anytime
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