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355 FIRST 355 1st St Local commercial 116 m² À vendre Los Altos, CA 94022
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Fully entitled and ready-to-issue permits, delivering “shovel-ready” status.
- Comprehensive amenities: rooftop lounges, barbeque areas, landscaped courtyard, and private dog park.
- Prime Los Altos location with an 89 Walk Score and easy access to major tech employers, including Google, Apple, and Meta.
- Premium 50-unit luxury scale with an advantageous mix of 2- and 3-bedroom units.
- Parking infrastructure featuring 113 EV-ready spaces with no stackers or puzzle lifts.
- Projected returns supported by limited competition and strong market fundamentals.
Résumé analytique
355 First Street is a fully entitled, shovel-ready luxury condominium development opportunity in the heart of Los Altos. Located just blocks from the vibrant downtown district, the project offers 50 units with high-end finishes and large-format floor plans. Architectural plans are approved, and RTI permits are expected by mid-April, allowing construction to begin post-closing.
The development features modern four-story construction with premium amenities, including a landscaped central courtyard, rooftop lounges with barbeque areas, and a private dog park. Each residence has access to dedicated parking, including two spaces per unit, guest parking, and bike storage. The project is designed for affluent homeowners, including downsizers seeking low-maintenance luxury and professionals desiring a walkable downtown lifestyle.
Exit pricing is supported by recent sales exceeding $2,050 per square foot, and the limited new supply in the highly affluent Los Altos market enhances pricing power and absorption. The project has strong projected returns with an estimated levered IRR of approximately 17.11%.
The development features modern four-story construction with premium amenities, including a landscaped central courtyard, rooftop lounges with barbeque areas, and a private dog park. Each residence has access to dedicated parking, including two spaces per unit, guest parking, and bike storage. The project is designed for affluent homeowners, including downsizers seeking low-maintenance luxury and professionals desiring a walkable downtown lifestyle.
Exit pricing is supported by recent sales exceeding $2,050 per square foot, and the limited new supply in the highly affluent Los Altos market enhances pricing power and absorption. The project has strong projected returns with an estimated levered IRR of approximately 17.11%.
Informations sur l’immeuble
Type de vente
Investissement
Condition de vente
Projet de requalification
Type de bien
Local commercial
Sous-type de bien
Immeuble de commerce
Surface de l’immeuble
116 m²
Classe d’immeuble
C
Année de construction/rénovation
1963/2006
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,04
Surface du lot
0,28 ha
Zonage
CD / R3
Stationnement
113 places (973,06 places par 1 000 m² loué)
Façade
76 m sur 1st St
1 1
Très praticable à pied
80/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Moyennement praticable en vélo
70/100
Principaux commerces à proximité
Taxes foncières
| Numéro de parcelle | 167-41-029 | Évaluation des aménagements | 355 482 € |
| Évaluation du terrain | 5 484 620 € | Évaluation totale | 5 840 102 € |
Taxes foncières
Numéro de parcelle
167-41-029
Évaluation du terrain
5 484 620 €
Évaluation des aménagements
355 482 €
Évaluation totale
5 840 102 €
1 sur 8
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
355 FIRST | 355 1st St
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