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70 Encina Ave
Palo Alto, CA 94301 Outer Palo Alto

$6,000,000 USD

Land For Sale  •  0.28 AC

Property Details

  • Property Type Land
  • Lot Size 0.28 AC
  • Zoning CC/PHZ
54 Transit Score
82 Walk Score

Description

70 Encina Avenue consists of a three-story residential condominium building containing 10 townhouse-style units with parking at grade in private garages. The project will include two two-bedroom units and eight three-bedroom units. Eight of the units will be offered at market and two of the units are designated as below market rate for Moderate Income households.

Unit plans include a mix of two-bedroom and three-bedroom residences, including one ADA-accessible unit. The accessible unit has two bedrooms and two bathrooms, and measures about 1,741 square feet. The standard two-bedroom floor plan has two and one-half bathrooms and measures 1,692 square feet. Three-bedroom homes measure between 1,807 square feet and 1,859 square feet, and average 1,846 square feet. One three-bedroom residence has two and one-half bathrooms and the other homes have three full bathrooms. All homes have private balconies on the second level. 

The subject site is located on Encina Avenue, just north of El Camino Real. Vehicle access will be from a gated entrance at the center of the building. The building is designed with a central courtyard to allow for vehicle access to private garages attached to each residence. All units feature attached garages; six homes have two-car garages and four homes have single-garages, and all homes have room for one bicycle space inside the garage. Pedestrian access will be via walkways on the north and south sides of the central drive aisle, with secured entrances along Encina Avenue. 

The subject site is located within the boundaries of the Palo Alto Unified School District. Schools in these areas are highly rated and are among some of the top schools in the state. Currently, the assigned schools for the property are Addison Elementary, Frank S. Greene Middle School, and Palo Alto High School. All three schools have A+ ratings from Niche.com; Palo Alto High School is given an 8/10 ranking from Great Schools, and Addison Elementary and Frank S. Greene Middle School have a 7/10 rating.

Highlights

Infill redevelopment site approved for 10 townhouse-style condominiums; floor plans include two-bedroom and three-bedroom residences
Adjacent to Trader Joe’s, CVS, and restaurants and shops in Town & Country Village, one-half mile to Downtown Palo Alto and Stanford Shopping Center
Directly across the street from world-renowned Stanford University
Short commute to major Silicon Valley employers such as Google, Facebook, Intuit, Microsoft, Stanford University, Stanford Medicine, and Apple
Located in one of the most affluent cities in the region with a median household income of $205,784
Walking distance to Palo Alto High School, Stanford University, Palo Alto Medical Foundation, and Palo Alto Caltrain station

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Palo Alto (Caltrain - Caltrain (Caltrain), Express - Caltrain (Caltrain), Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 3 min 10 min 0.6 mi
California Avenue Caltrain Station Southbound (Limited - Caltrain (Caltrain), Local Weekday - Caltrain (Caltrain), Local Weekend - Caltrain (Caltrain)) 6 min - 1.7 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 25 min - 15.3 mi
San Francisco International 32 min - 21.0 mi
Metro Oakland International 45 min - 29.6 mi
Kirk Trammell 650-450-0920 Marcus & Millichap
Kirk Trammell 650-450-0920 Marcus & Millichap