NOTE : $12,500,00 must be cash offer, as-is, contingent offers upon entitlement are $22,500.000 PROPERTY FACTS Property Type Land Proposed Use Multifamily Property Subtype Residential Total Lot Size 8.90 AC Zoning R-1-10 DESCRIPTION Exceptional Los Altos development opportunity. Site consists approximately±9 acres of sequestered land. Potential to build 20 to 30 homes, several larger estate properties, or higher density development with 150-170 Units.Located in the highly sought after and private Highlands area, 3,000-3,500 SF homes in the immediate area are valued at $3.5M - $4.5M. The location boasts affluent demographics with an average household income of $321,180. Extensive reports available including environmental analysis, site assessments, and fire prevention planning. Multiple site plans including elevations and renderings are available as well. Utility services currently in place. Located in the heart of Silicon Valley, Los Altos is one the most affluent communities in the United States. It is home to many of the world’s most prominent technology leaders and innovators. Since its incorporation, Los Altos emerged as the birthplace of many notable tech giants such as Apple Inc. This site offers exceptional privacy yet is only a moment's drive to the center of town and major Silicon Valley employers such as Stanford University, Google,Apple, & Facebook headquarters. The area’s top-rated schools, access to tech employment, top tier shopping, and fine dining make this one of the premier places to live in the United States. The site is nestled between Foothill Expressway and Highway 280, known dually as the Highlands and Woodland Acres. Many homes in the immediate area feature magnificent views of the San Francisco Peninsula. Boasting phenomenally affluent demographics, many of the residents in Los Altos are among the top 1% of wealthiest people in the world and the median home value in town is over $3.4Million. The tree-lined streets and a small village atmosphere still characterize the seven square mile town of Los Altos. Los Altos borders Palo Alto and is approximately 40miles south of San Francisco.