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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Palo Alto / 340 Palo Alto Avenue
340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 340 Palo Alto Avenue Palo Alto, CA 94301 View All Photos

$6,300,000

| Active

340 Palo Alto Avenue

Palo Alto, CA 94301

0.17
Acres
5
Days on Market
ML82054496
MLS#
Land
Structure
Residential
Zone
Contact
Listing OfficeNewmark Cornish & Carey

340 Palo Alto Avenue consists of a charming single-story 2 bed 1 bath home on a +/- 0.2 acre lot with rare development potential in prime North Downtown Palo Alto. Ownership has filed an SB79 application to develop a 3-story, 6-luxry condo project. The +/- 1,500-1,550 sq. ft. 3 bedroom 3.5 bath premium condos will feature large terraces overlooking the tree-lined San Francisquito Creek. The property will feature a lobby entry with an elevator, two stairwells, privatized storage for each unit, at-grade parking, an interior trash/recycling room, all-electric service, and an attractive exterior façade consisting of painted brick and wood elements, a nod to its contemporary and greenbelt surroundings. Additionally, an option may exist to add a 7th penthouse suite unit which would be a larger +/- 1,800 sq. ft. residence on its own floor, with spectacular views. The property feeds to the #1 ranked school district in California; Addition Elementary, Greene Middle and Palo Alto High schools. The amenity-rich location is convenient to retail and restaurant options of University Avenue and Stanford Shopping Center, Caltrain Station, major transportation arteries, and world-class Silicon Valley employers.

Property Details
Lot Features
Level
Lot Description
Level
Acres
0.165
Lot Size (sqft)
7200.0
Parking Spaces
0.0
Property Type
Purchase
Sewer Information
Public Sewer
Utility Source
Public
School District
Palo Alto Unified
Elementary School
Other
Middle School
Other
High School
Palo Alto
County
Santa Clara
Region
Palo Alto
Zoning
R1
Original List Price
$6,300,000
MLS #
ML82054496
Property Subtype
Land
Parcel Number
12012045
MLS #
ML82054496
Date Listed
July 16, 2026
Address
340 Palo Alto Avenue
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Joel Hopman (#ML5067060)
Listing Office: Newmark Cornish & Carey (#ML5009335)

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