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355 FIRST 355 1st St 66,950 SF Retail Building Los Altos, CA 94022 For Sale
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
66,950 SF
Building Class
C
Year Built
2026
Tenancy
Single
Building Height
4 Stories
Building FAR
2.20
Lot Size
0.70 AC
Zoning
CD / R3
Parking
113 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
250’ on 1st St
Very walkable
80/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 167-41-029 | Improvements Assessment | $565,384 CAD |
| Land Assessment | $8,723,130 CAD | Total Assessment | $9,288,514 CAD |
Property Taxes
Parcel Number
167-41-029
Land Assessment
$8,723,130 CAD
Improvements Assessment
$565,384 CAD
Total Assessment
$9,288,514 CAD
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355 FIRST | 355 1st St
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