1893 Woodland Avenue, East Palo Alto CA, 94303
(Active)
$6,399,000
|
|
MLS# ML81959779
Last Updated: 5/6/2024 8:40 AM
Description for
1893 Woodland Avenue
East Palo Alto, CA 94303
Attention Developers! This is an excellent and rare opportunity to establish a new subdivision in a prime location! Situated close to major employers such as Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, and Palo Alto downtown, with easy access to Google, LinkedIn, and more. The property is located on the west side of Freeway 101, just off University Ave., and borders Palo Alto. The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units. Originally a mobile home park, all utilities were connected to the property but were subsequently removed upon the closure of the park. The mobile home park has since been officially closed. Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto. In addition, the subject property is assigned to Menlo-Atherton High School. It is primed and ready for redevelopment.
Price
$6,399,000
San Mateo
ML81959779
Active
Description
Attention Developers! This is an excellent and rare opportunity to establish a new subdivision in a prime location! Situated close to major employers such as Stanford University, Stanford Hospital, Meta Headquarters, Amazon EPA offices, and Palo Alto downtown, with easy access to Google, LinkedIn, and more. The property is located on the west side of Freeway 101, just off University Ave., and borders Palo Alto. The Conceptual Yield Study indicates a potential for 33-34 townhouse units or 44 apartment units. Originally a mobile home park, all utilities were connected to the property but were subsequently removed upon the closure of the park. The mobile home park has since been officially closed. Developers may have the opportunity to receive credits for utility connections and housing fees from the city of East Palo Alto. In addition, the subject property is assigned to Menlo-Atherton High School. It is primed and ready for redevelopment.
Listing Information
| Property Type: Land, Other | ||
| 1.13 Acres | Other | |
Public
Public Sewer
Electricity Available
Neighborhood
School Information
| District: Other | ||
| Other | Other | Menlo-Atherton |
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
R-MD-1
Level
Driving Directions
From US-101 N, Exit on Embarcadero Rd.. Left on Embarcadero Rd.. Take W Bayshore Rd. to Woodland Ave.. From US-101 S, exit on University Ave., Left at University Ave., right on Woodland Ave..
Financial Considerations
| 063501010 |
Listing Price History
East Palo Alto Real Estate
East Palo Alto is located in California. East Palo Alto, California 94303 has a population of 28,754.
The median household income in East Palo Alto, California 94303 is $116,143. The median household income for the surrounding county is $131,545 compared to the national median of $66,222. The median age of people living in East Palo Alto 94303 is 40 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/2/2024 | Active | $6,399,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2022 | - USD | - | $40,070 USD | -0.03% |
| 2021 | - USD | - | $40,082 USD | - |
| 2018 | $674 USD | 42.19% | - USD | - |
| 2017 | $474 USD | -17.13% | - USD | - |
| 2016 | $572 USD | 24.62% | $42,840 USD | - |