Entitled Land Ready to
355 1st St, Los Altos, CA 94022
For Sale
Contact for pricing
Los Altos, CA
Property SizeContact for details
Days on Market143
Property Features for 355 1st St
General Information
Property type
Property subtype
Standard status
Listing Agency:
Engel & Volkers Burlingame · Engel & Völkers
(650) 458-5505
Listed By:
Alan Canas
Added: Jun 25
Changed: Aug 20
Last Checked: Nov 14 at 7:06AM
MLS# AM-5514036
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This is a fully entitled and ready-to-issue land parcel. Years of entitlement risk, plan checks, and environmental mitigations have been cleared. The project will be delivered shovel-ready with the AHA, Final Map, and base monitoring contracts secured. The property allows for a premium 50-unit scale and mix, with density that is extremely rare for this municipality, heavily weighted toward highly desirable, high-value 2- and 3-bedroom floor plans. Superior parking infrastructure includes 113 traditional, non-tandem parking spaces featuring EV charging for every unit and dedicated bike parking. There are zero mechanical stackers or puzzle lifts, eliminating a major friction point for luxury buyers. The property is positioned for luxury buyers, supported by highly relevant recent comparable sales exceeding $2,050 per square foot. The design features a thoughtfully designed 4-story wood frame over subterranean parking. It features a stunning central atrium for natural light and an expansive, programmed rooftop deck flanked by lush greenery and a private dog park. The projected project level IRR is approximately 17.1%, supported by strong market fundamentals and limited new condo supply.
Key Highlights
- Fully Entitled & Ready‑to‑Issue (RTI) - Shovel Ready project with AHA, Final Map, and base monitoring contracts secured.
- Premium 50‑Unit Scale & Mix - Rare density with highly desirable 2- and 3‑bedroom floor plans.
- Superior Parking Infrastructure - 113 traditional, non‑tandem parking spaces with EV charging for every unit and dedicated bike parking.
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
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Business Placement
Demographics for 94022, CA
20,842
Population
8,151
Households
2.6
Avg Household Size
48
Median Age
89%
College-Educated
100%
High-School Grad
17.7 sq mi
ZIP Area
1,178
Density / Sq Mi
$250,001
Median Household Income
$144,301
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ready-to-issue land for a 50-unit residential project.
Where is this residential land & home lot located?
The property is located at 355 1st St Los Altos, CA.
What are key features of this property?
This property features: Fully Entitled & Ready‑to‑Issue (RTI) - Shovel Ready project with AHA, Final Map, and base monitoring contracts secured.; Premium 50‑Unit Scale & Mix - Rare density with highly desirable 2- and 3‑bedroom floor plans.; Superior Parking Infrastructure - 113 traditional, non‑tandem parking spaces with EV charging for every unit and dedicated bike parking.
