1033 Amarillo Ave, PALO ALTO, CA

$6,298,000

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7

Beds

4

Baths

3,276

Square feet

0.48

Acres

About 1033 Amarillo Ave

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.

Features of 1033 Amarillo Ave

MLS® # ML81953716
Price $6,298,000
Bedrooms 7
Bathrooms 4.00
Full Baths 4
Square Footage 3,276
Square Footage Assessor
Acres 0.48
Year Built 1947
Type Single Family Residential
Sub-Type Detached Single Family
Status Active

Community Information

Address 1033 Amarillo Ave
Area South Palo Alto
City PALO ALTO
County Santa Clara
State CA
Zip Code 94303

Amenities

Utilities Public Utilities
Garages Covered Parking, Detached, 5 Car Garage
Is Waterfront No
Has Pool No

Interior

Appliances Oven Range - Gas, Refrigerator (s)
Heating Wall Furnace
Cooling No Cooling
Fireplace No
# of Stories 1

Exterior

Roof Shingle Roof, Composition Roof
Foundation Concrete Slab

Additional Information

Zoning R1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentWen Guo Re Group
OfficeKW Advisors
Contact Info650-817-5000

Listing Map

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