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Executive Summary

Positioned directly on the Redwood City/Atherton border, 2809 El
Camino Real presents a rare opportunity to acquire a raw, unentitled
infill parcel in one of the Peninsula’s most sought-after and supplyconstrained
submarkets. The site totals 14,297 square feet and falls
under San Mateo County jurisdiction, o?ering a developer or investor
a blank canvas along one of the Bay Area’s most heavily traveled and
highly visible corridors. Its location along El Camino Real places it at
the heart of continued regional growth, in a market where housing
demand consistently outpaces available supply.
The property has previously received entitlements for a mixed-income
residential development consisting of 20 market-rate condominium
units, this approval expired, the current owner received approval for
51 low-income senior housing units, encompassing approximately
49,000 square feet of buildable area with a proposed building height
of 64 feet. While the property is being o?ered as-is with no active
entitlements currently in place, the seller is open to including the prior
approved renderings and supporting entitlement work if requested by
the buyer, o?ering a potential head start on the approval process and
a meaningful reduction in pre-development timeline and risk.
Beyond its development potential, the site benefits from an exceptional
location at the convergence of some of the Peninsula’s most desirable
communities. Redwood City, Menlo Park, and Palo Alto all lie within
short proximity, giving future residents immediate access to a deep
and diverse base of retail, dining, and employment opportunities,
including proximity to major tech employers and downtown commercial
corridors. This positioning makes the site especially well-suited to a
residential or mixed-income project targeting the strong and sustained
demand for housing near jobs.
Transportation access further strengthens the site’s appeal. El Camino
Real o?ers active public bus service running four times per hour directly
in front of the property, providing excellent transit connectivity for
future residents. In addition, the site o?ers quick access to Woodside
Road as well as both Highway 280 and Highway 101, placing the entire
Peninsula and greater Bay Area within easy reach for commuters
traveling north to San Francisco or south toward Silicon Valley.
Altogether, 2809 El Camino Real represents a compelling opportunity
for developers seeking a well-located, transit-served site with a proven
entitlement path in a jurisdiction and market defined by chronic housing
undersupply. Its combination of prior approvals, prime Peninsula
location, and multi-modal access positions this property as an attractive
candidate for residential or senior housing redevelopment, with the
flexibility to move forward with the seller’s prior plans or pursue a new
vision suited to current market conditions.

Property Facts

Price $3,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
Total Lot Size 0.37 AC
Zoning CA - Previously approved for 51 Senior affordable units, +/- 49,000 Sq. Ft with 64 feet of height. Those approvals have expired.

1 Lot Available

Lot

Price $3,750,000
Price Per AC $10,135,135.14
Lot Size 0.37 AC

Flat lot, corner of El Camino Real and Dumbarton Street, located in the county of San Mateo, adjacent to Atherton.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 41554882

  • Date on Market: 8/4/2026

  • Last Updated:

  • Address: 2809 S El Camino Real, San Clemente, CA 92672

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