650-863-2427
355 1st St, Los Altos, CA for Sale
Freestanding - FOR SALE
1/8
null | Request Cap Rate

355 1st St
Los Altos, CA 94022
North Los Altos


OVERVIEW

Fully Entitled & Ready-to-Issue (RTI): Years of entitlement risk, plan checks, and environmental mitigations are cleared. The project will be delivered “Shovel Ready” with the AHA, Final Map, and base monitoring contracts secured. Premium 50-Unit Scale & Mix: Extremely rare density for this municipality, heavily weighted toward highly desirable, high-value 2- and 3-bedroom floor plans. Superior Parking Infrastructure: 113 traditional, non-tandem parking spaces featuring EV charging for every unit and dedicated bike parking. Zero mechanical stackers or puzzle lifts, eliminating a major friction point for luxury buyers. Proven Top-of-Market Exits: Positioned for luxury buyers, supported by highly relevant recent comparable sales exceeding $2,050 / Sq. Ft. Standout Design & Amenities: Thoughtfully designed 4-story wood-frame over subterranean parking. Features a stunning central atrium for natural light and an expansive, programmed rooftop deck flanked by lush greenery and a private dog park.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

355 FIRST

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

113

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

CD / R3

APN/PARCEL ID

167-41-029

ASK ABOUT THIS PROPERTY

Gavin McDowellEngel & VolkersMore Info
650-863-2427

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Gavin McDowellEngel & VolkersMore Info
650-863-2427

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