Entitled Mixed-Use Development
For Sale
Contact for pricing
Pending
1804 Bay Rd, East Palo Alto, CA 94303
Fully entitled under SB 35 for a mixed-use project with residential units and retail space, with options for increased density.
Property SizeContact for details
Days on Market124
Property Features for 1804 Bay Rd
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Compass Commercial
(415) 305-6275
Listed By:
Juan De Leon · License #01383120
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 12 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Commercial
Investment Insights
Based on property information with market context.
The offering presents the opportunity to acquire a 100% fee simple interest in an entitled mixed-use development site. The property is fully entitled under the State Density Bonus Law, SB 35, for development of a 102,753 gross square foot mixed-use project that includes 75 residential rental units, with the possibility of increasing to 95 units, and approximately 1,900 square feet of retail space. If developed as an affordable housing project, the density is not limited under the SB 35 framework, and up to three additional stories can be constructed.
The site is positioned in the future “heart of Downtown East Palo Alto,” near Facebook and Amazon, within an area described as a center of proposed new development that includes retail, office, life science, and civic/community-oriented space.
The property is currently leased, and the rents are stated to cover carrying costs. The property may be vertically subdivided, as described in the offering materials.
The site is positioned in the future “heart of Downtown East Palo Alto,” near Facebook and Amazon, within an area described as a center of proposed new development that includes retail, office, life science, and civic/community-oriented space.
The property is currently leased, and the rents are stated to cover carrying costs. The property may be vertically subdivided, as described in the offering materials.
Key Highlights
- Fully entitled under California SB 35 (100% fee simple interest) for a mixed‑use development at 1804 Bay Road, East Palo Alto (APN 063‑231‑240).
- Entitled for 75 residential rental units, with the possibility to increase to 95 units.
- Includes approximately 1,900 SF of retail space as part of the entitled mixed‑use project.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 94303, CA
48,281
Population
15,927
Households
3
Avg Household Size
35
Median Age
48%
College-Educated
85%
High-School Grad
8.4 sq mi
ZIP Area
5,748
Density / Sq Mi
$148,031
Median Household Income
$55,788
Median Earnings
$2,710
Median Rent
$1,825,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully entitled under SB 35 for a mixed-use project with residential units and retail space, with options for increased density.
Where is this apartment building located?
The property is located at 1804 Bay Rd East Palo Alto, CA.
What are key features of this property?
This property features: Fully entitled under California SB 35 (100% fee simple interest) for a mixed‑use development at 1804 Bay Road, East Palo Alto (APN 063‑231‑240).; Entitled for 75 residential rental units, with the possibility to increase to 95 units.; Includes approximately 1,900 SF of retail space as part of the entitled mixed‑use project.
