Prime Development Opportunity | 4350 El Camino Real
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Prime Development Opportunity 4350 El Camino Real
1,610 SF Retail Building Los Altos, CA 94022 For Sale
Investment Highlights
- 40 Market Rate Condominiums
- Two Level Underground Parking
- 7 Affordable Condominiums
Executive Summary
Call for Offers: Prime Development Opportunity at 4350 El Camino Real, Los Altos, CA
We are pleased to announce a once-in-a-lifetime development opportunity on fully entitled land at 4350 El Camino Real in Los Altos, CA. This highly sought-after project offers the chance to develop a total of 47 condominium residences—40 market-rate and 7 affordable housing units—on a prominent 2/3-acre site at the intersection of Los Altos Avenue and El Camino Real.
The proposed plan for the site includes 3 Very Low-Income 1-bedroom units, 2 Moderate Low-Income 1-bedroom units, and 2 Moderate Low-Income 2-bedroom units, seamlessly integrated into a 5-story “L” shaped structure. This thoughtful design allows for a central, open-air courtyard that provides abundant natural light and exceeds open space requirements by over 500%.
In addition to its architectural design and prime location, the development will feature a 2-level, below-grade parking garage with 84 spaces, including bike parking, ensuring ample amenities for future residents. The site is bordered on two sides by an existing 3-story multifamily property, further enhancing the development's residential appeal.
Don't miss this rare opportunity in one of Los Altos’ most desirable location
We are pleased to announce a once-in-a-lifetime development opportunity on fully entitled land at 4350 El Camino Real in Los Altos, CA. This highly sought-after project offers the chance to develop a total of 47 condominium residences—40 market-rate and 7 affordable housing units—on a prominent 2/3-acre site at the intersection of Los Altos Avenue and El Camino Real.
The proposed plan for the site includes 3 Very Low-Income 1-bedroom units, 2 Moderate Low-Income 1-bedroom units, and 2 Moderate Low-Income 2-bedroom units, seamlessly integrated into a 5-story “L” shaped structure. This thoughtful design allows for a central, open-air courtyard that provides abundant natural light and exceeds open space requirements by over 500%.
In addition to its architectural design and prime location, the development will feature a 2-level, below-grade parking garage with 84 spaces, including bike parking, ensuring ample amenities for future residents. The site is bordered on two sides by an existing 3-story multifamily property, further enhancing the development's residential appeal.
Don't miss this rare opportunity in one of Los Altos’ most desirable location
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- Investigations
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Service Station
Building Size
1,610 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.65 AC
Zoning
CT
Parking
23 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (84)
Bike Score ®
Biker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 167-11-041 | Improvements Assessment | $603,754 CAD |
| Land Assessment | $2,333,458 CAD | Total Assessment | $2,937,212 CAD |
PROPERTY TAXES
Parcel Number
167-11-041
Land Assessment
$2,333,458 CAD
Improvements Assessment
$603,754 CAD
Total Assessment
$2,937,212 CAD
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Compass Commercial
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Prime Development Opportunity | 4350 El Camino Real
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