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355 1st St
Los Altos, CA 94022
355 FIRST · Retail Property For Sale
Investment Highlights
- Fully entitled and ready-to-issue permits, delivering “shovel-ready” status.
- Comprehensive amenities: rooftop lounges, barbeque areas, landscaped courtyard, and private dog park.
- Prime Los Altos location with an 89 Walk Score and easy access to major tech employers, including Google, Apple, and Meta.
- Premium 50-unit luxury scale with an advantageous mix of 2- and 3-bedroom units.
- Parking infrastructure featuring 113 EV-ready spaces with no stackers or puzzle lifts.
- Projected returns supported by limited competition and strong market fundamentals.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,250 SF
Building Class
C
Year Built/Renovated
1963/2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.70 AC
Zoning
CD / R3
Parking
113 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
250’ on 1st St
Property Taxes
| Parcel Number | 167-41-029 | Improvements Assessment | $420,942 |
| Land Assessment | $6,494,592 | Total Assessment | $6,915,534 |
Property Taxes
Parcel Number
167-41-029
Land Assessment
$6,494,592
Improvements Assessment
$420,942
Total Assessment
$6,915,534
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