246 Palo Alto Ave, Palo Alto, CA 94301

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$3,750,000

bedrooms

bathrooms

square feet

1,020

Acreage

Open Houses

Sep 20

year built

1923

Full Baths

Half Baths

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RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

Location
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County	-
Elementary School	-
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Open houses

Sep

Sunday

5PM — 7PM

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MLS number: -

Listing agent: Julie Tsai Law

Listing broker: Compass

Last update: Saturday, September 19 2026 at 4:37 a.m. EDT

Compass Broker