440 1st St
Los Altos, CA 94022
Multifamily Property For Sale · 1 Unit

UNLIKE ANYTHING COMING OR AVAILABLE IN charming downtown Los Altos . This fully entitled architecturally designed development offers four units, each of a large size previously only possible by buying and putting 2 units together. Sold as an approved development, almost ready to pull building permits, known to the traded as "shovel ready" The building provides elevator access to all floors, a small shared gym, two full size parking spaces per unit (no electronic lifts) with EV charging and a spare 9th space, individual storage rooms and a bicycle room. 2-Townhomes designed with three bedrooms + office featuring 3.5 baths with over 3,000 sq ft each with private rear yard patios. They have a secondary access to the main elevator and uniquely designed second floors, that have been turned horizontal so as not have long hallways. The 2 pent-houses of almost 2,000 sq ft each have 2 bedrooms, one could have a third bedroom or office, 2.5 baths and each has its' own large roof top deck with extraordinary views. This unique opportunity is perfect for a builder -developer-1031 exchange- an investor to rent- or future homeowner who might want to to have it custom built for themselves, their family or to live in one and have rental income. Save years of design and approvals. We are happy to meet with you with a full size plans and share what bids we have to date. Should be out of final plan check in the next 60-90 days.