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246 Palo Alto Avenue, Palo Alto CA 94301
246 Palo Alto Avenue, Palo Alto CA 94301
California>Palo Alto>Downtown North

246 Palo Alto AvenuePalo Alto, CA 94301

For Sale

$3,750,000

Smart Buyer Rebate $37,500

RARE DOWNTOWN NORTH DEVELOPMENT OPPORTUNITY | Exceptional ±7,150 SF site just 3 blocks from University Ave and Downtown Palo Alto Caltrain offers multiple paths to create significant value. City-approved architectural plans envision an approx. 4,365 SF modern 3-level luxury residence with 4BD/3.5BA + attached JADU, expansive entertaining spaces, basement great room, wine room and indoor/outdoor living. The property's exceptional proximity to Caltrain may also provide compelling potential for higher-density transit-oriented residential development under evolving state and local regulations. Rare opportunity for an end-user, builder, developer or investor near Downtown Palo Alto, Stanford and major Silicon Valley employment centers. Existing improvements convey as-is. Buyer to independently verify current zoning, density, unit count, parking, SB 79/AB 2097 applicability and all development standards with the City of Palo Alto.

Listed by Julie Tsai Law

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License #01339682

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Compass

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650-799-8888

Last updated September 10, 2026

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Source: MLSListings #ML82059476

Listing Facts

  • TypeSingle-family
  • NeighborhoodDowntown North
  • Bedrooms1
  • Days on Prevu19
  • Size1,020 sqft
  • Price per sqft$3,676

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

08/28/2026
Listed by Compass
$3,750,000
  1. 08/28/2026$3,750,000
    Listed by Compass

Property Details for 246 Palo Alto Avenue

Exterior

Construction

  • Roof: Composition
  • Stories: 1
  • Year Built: 1923
  • Year Built Details: 2

Features

  • Fencing: Wood

Measurements

  • Building Area Total: 1,020
  • Lot Size Acres: 0.16
  • Lot Size Area: 7,150
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,150
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 120-24-033

Interior

Features

  • Appliances: Oven Range - Gas, Refrigerator, Washer/Dryer
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Flooring: Hardwood, Vinyl/Linoleum

Measurements

  • Living Area: 1,020

Rooms

  • Bathrooms Full: 1
  • Bedrooms Total: 1

Parking

Parking

  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Detached

Schools

Elementary School

  • Elementary School District: Palo Alto Unified

High School

  • High School: Palo Alto High
  • High School District: Palo Alto Unified

Middle or Junior School

  • Middle Or Junior School: David Starr Jordan Middle_1

Utilities

Equipment

  • Heating: Other
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this single-family home have?

There is 1 bedroom in this single-family home at 246 Palo Alto Avenue.

What schools are nearby to 246 Palo Alto Avenue?

Nearby schools include the David Starr Jordan Middle_1 Middle School and Palo Alto High.

Does this single-family home have parking?

Yes, there is 1 parking space available for 246 Palo Alto Avenue.

How does 246 Palo Alto Avenue compare to other single-family homes in Downtown North?

This single-family home is listed 1% above the average price for single-family homes in Downtown North and has been on the market for 68 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,020 sqft.

246 Palo Alto Avenue is a 1-bedroom single-family home for sale in Palo Alto CA 94301. On Prevu for 19 days at $3,750,000. This property features 1,020 square feet of living space, located in Downtown North. The median listing price for single-family homes in this area is $2,474,000. Nearby schools include David Starr Jordan Middle_1 Middle School and Palo Alto High. Property amenities include pets allowed and parking. Browse more single-family home listings in Palo Alto.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 09/10/2026. 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. Data Services by Constellation Data Labs. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.