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1033 Amarillo AVE

  • PALO ALTO, CA
  • $6,298,000

ABOUT

Double 10k lot with unlimited potential
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.
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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1947

1947

Year Built

7

7

Total Bedrooms

4

4

Total Bathrooms

3,276

3,276

Sq.Ft.

Living Space

0.48

0.48

Acres

Lot Size

5.0

5.0

Garage Spaces

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01

Interior

Total Bedrooms

7

Total Bathrooms

4

Full Bathrooms

4

Flooring

Hardwood, Laminate, Tile, Wood

Appliances

Dishwasher, Refrigerator, Oven, Range, Washer, Disposal

Other Interior Features

Hardwood, Laminate, Tile, Wood
01

Exterior & Building

Story

1

Garage Spaces

5.0

Water Source

Public

Roof

Composition, Shingle

Parking

Detached

Sewer

Public Sewer

Substructure

Slab
01

Lot & Area

Status

Inactive

Living Area

3,276 Sq.Ft.

Lot Size

0.48 Acres

MLS® ID

ML81953716

Type

Residential

Year Built

1947

School District

Palo Alto Unified
01

Finance

Sales Price

$6,298,000

Zoning

R1

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Wen Guo

EM

Wen Guo

Founder and Owner

02037634

Wen is a top producing listing agent and owner of Wen Guo Real Estate Group. As a former architect and fashion-tech entrepreneur, she is a true architecture and marketing specialist, and a team-building veteran. Her passion is to consistently offer an unparalleled experience for all buyers and sellers.

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