925-577-4444
349 1st St, Los Altos, CA for Sale
Commercial LAND - FOR SALE
1/21
7,100 SF

349 1st St
Los Altos, CA 94022
North Los Altos


HIGHLIGHTS

  • Prime village-side location steps from Downtown Main Street
  • Draeger’s Market directly across the street
  • 3 sides of light on most units; dramatic hill views; 10’ ceilings
  • Rooftop deck with 360° views, ample seating, and BBQ
  • 30 parking spaces: 8 conventional + fully automated turntable
  • All residential units on higher floors enhancing resale value

OVERVIEW

Situated in the heart of Downtown Los Altos, one of Silicon Valley’s most affluent and sought-after communities, this fully entitled luxury condominium project represents a rare opportunity to deliver a boutique collection of high-end residences in an irreplaceable location. The site enjoys a prime village-side address on First Street with no Foothill Expressway exposure, positioned steps from the charming Los Altos village atmosphere with its exceptional array of shops, fine dining, and everyday conveniences — including Draeger’s Market directly across the street. Residents will enjoy a highly walkable lifestyle with the newly renovated Los Altos Community Center and scenic Shoup Park just moments away, all complemented by top-rated Los Altos public schools. The building’s design sets a new standard for luxury living in the submarket. Most market-rate units benefit from three sides of light and dramatic views of the surrounding hills, with 10-foot floor-to-ceiling heights throughout. A signature rooftop deck crowns the building, offering spectacular 360-degree panoramic views, ample seating, and a barbecue — an amenity rarely found in boutique condominium developments of this scale. Parking is fully resolved with 30 total spaces, including eight (8) conventional ground-level spaces and a fully automated turntable lift system in the basement configurable for up to 22 spaces. The project is fully de-risked and on an accelerated timeline, benefiting from an SB 330 preliminary application that has been deemed complete, vesting rights under the streamlined approval process and the Builder’s Remedy provision of the Housing Accountability Act. AB 130 is also being utilized for a categorical exemption from CEQA. Critically, the building’s height comes in under 85 feet, eliminating prevailing wage labor requirements entirely. The stacked unit design and absence of ground floor residential units further drive construction cost efficiency and accelerated delivery timelines. Tentative Map approval is anticipated in Q2 2026. Opportunities to develop luxury for-sale product in the core of Downtown Los Altos are extraordinarily scarce. More information is available upon request and execution of an NDA. Interested parties are encouraged to contact the exclusive listing broker promptly.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Luxury Condominium Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.16 AC

LAND SF

7,100 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

CD/R3

APN/PARCEL ID

167-40-047

ASK ABOUT THIS PROPERTY

Drew MalmACARAMore Info
925-577-4444

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Drew MalmACARAMore Info
925-577-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.