1033 Amarillo Avenue
1033 Amarillo Avenue
$6,298,000
—
3,276
3,276
$1,922
Virtual Tour
Description
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...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.
- Listed by Wen Guo RE Group • DRE #70010161 • Brokerage DRE #01906450 • KW Advisors • 650-817-5000
Property Details for 1033 Amarillo Avenue
MLS City Name
PALO ALTO
Building TypeFOURPLEX
Garage Spaces5
Parking Spaces3
Cross StreetGreer
Location
LISTING UPDATED: 04/21/2024 12:20 AM
Property Details for 1033 Amarillo Avenue
Status | Active |
---|---|
MLS # | ML81958081 |
Days on Compass | 42 |
Taxes | $62,403 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | RESIDENTIAL INCOME / Fourplex |
Year Built | 1947 |
Lot Size | 0.48 AC / 20,788 SF |
County | Santa Clara County |
Location
Virtual Tour
Building Information for 1033 Amarillo Avenue
Stories1Residences4Year Built1947Building Size-Lot Size0.48 AC / 20,788 SF
Payment Calculator
$39,571 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1033 Amarillo Avenue
Property History for 1033 Amarillo Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1033 Amarillo Avenue
Taxable ValueLand$5,181,192Additions$20,808Total$5,202,000
Home Facts
Beds2Total Finished SqFt868 SqFtAbove Grade Finished SqFt868 SqFtStories1Lot Size20,710 SqFtStyleSingle Family ResidenceYear Built1947ZoningR1CountySANTA CLARAAPN127-02-006
Schools near 1033 Amarillo Avenue
This home is within Palo Alto Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
Palo Verde Elementary School PublicK to 5 | ||
Jane Lathrop Stanford Middle School Public6 to 8 | ||
Palo Alto High School Public9 to 12 | ||
Greendell School PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.