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355 FIRST 355 1st St 1 250 pi² Commerce de détail Immeuble Los Altos, CA 94022 À vendre
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Faits saillants de 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 de l'annonce
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%.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Projet de redéveloppement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
1 250 pi²
Classe d’immeuble
C
Année de construction/rénovation
1963/2006
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,04
Taille du lot
0,70 AC
Zonage
CD / R3
Stationnement
113 places (1,69 places par 1 000 pi² loué)
Façade
250’ sur 1st St
Très accessible à pied
80/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Moyennement accessible en vélo
70/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 167-41-029 | Évaluation des bâtiments | 569 705 $ CAD |
| Évaluation du terrain | 8 789 795 $ CAD | Évaluation totale | 9 359 500 $ CAD |
Impôts fonciers
Numéro de lot
167-41-029
Évaluation du terrain
8 789 795 $ CAD
Évaluation des bâtiments
569 705 $ CAD
Évaluation totale
9 359 500 $ CAD
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355 FIRST | 355 1st St
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