122 Rinconada Ave, Palo Alto, CA 94301

$2,750,000
3
BD
2
BA
1,346
SqFt
List Price
$2,750,000
MLS#
ML81768251
Status
ACTIVE
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Sqft. of Residence
1,346
Lot Size
7,500
Listing Area
Old Palo Alto
Year Built
1925

Property Description

Attractive duplex with large front and back yards.Ea.unit has its own private entry. The two units share a 2-car garage. Both units are 1 BR 1 BA. Situated on a +-7,500 square foot parcel in the highly desirable & prestigious 'Old Palo Alto" neighborhood, this property offers a buyer a rare potential redevelopment opportunity. Currently zoned RM-20 per the City of PA. Buyer can explore several options including redevelopment, owner occupying the existing structure, combining the 2 units into a 3BR 2BA home or continuing with the property's current use as a rental duplex.The owner of the +-7,500 square foot parcel across the street at 115-123 Rinconada is currently in the process of developing 2 detached condominium homes per the City. Interested parties to investigate various possibilities as to what might be allowed on the site & Buyer should rely solely on their own investigation. Seller & Agents are making NO representations as to what the City might allow. Quality Palo Alto schools

Additional Information

Acres
0.1722
Age
94
Cooling System
None
Family Room
Other
Fireplace Description
Living Room
Foundation
Concrete Perimeter
Garage Parking
Detached Garage
Heating System
Wall Furnace
Laundry Facilities
Washer / Dryer
Living Area
1,346
Lot Size
7,500
Neighborhood
Old Palo Alto
Other Rooms
Laundry Room, Storage
Other Utilities
Individual Gas Meters
Roof
Bitumen, Composition, Shingle
Sewer
Sewer - Public
Special Features
None
Zoning
RM-20

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keith Suddjian from Cornish & Carey Commercial

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