999 Ringwood Avenue represents the rare opportunity to acquire a 0.92-acre residential development site within Atherton’s RM-10 Multifamily Overlay Zone. This overlay allows for up to ten residential units per acre, with a minimum of five residential units per site. The subject property has the potential to be developed with up to nine single-family residences; both detached and attached residences are permitted. Atherton does not currently require below market rate (BMR) units for projects developed under the RM-10 Multifamily Overlay Zone. This allows developers to build a 100% market-rate project while still supporting the town’s housing goals through increased density and diverse housing types. The absence of a BMR requirement greatly enhances project feasibility and profitability.