Property profile

4898 El Camino Real Los Altos, CA 94022

OFF-MARKET
Office buildings
Property ID
US10-2056558
8,324 SF 0.44 ac lot Built 1959
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.434-acre development opportunity is located at 4898 El Camino Real in the highly desirable Los Altos, California (94022), within Santa Clara County. The property presents a rare chance to create a thriving mixed-use community in the heart of Silicon Valley. Its zoning allows for multiple development possibilities, including market-rate housing, affordable housing, and senior living. Previously entitled for senior living, complete plans are available for review during due diligence. Feasibility studies for affordable and senior housing are also provided to prospective buyers for their independent verification with the city. This high-density site caters to the significant demand for diverse housing options in this sought-after area. The seller is reviewing all offers received. The property's location in Los Altos offers unparalleled access to Silicon Valley's vibrant tech scene, excellent schools, and upscale amenities. This is a unique chance to build a sophisticated residential community that meets the needs of discerning professionals and residents. Buyers are responsible for verifying all permitted uses with the city of Los Altos.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction WOOD
Total area 8,324 SF
Lot 0.44 ac (19,000 SF)
Zoning code CT
APN 170-03-085
UPID US10-2056558

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School Vocational School
  • Training Center Tutoring Service
  • Medical Clinic Skin Care Clinic
  • Corporate Office Business Park

Location

4898 El Camino Real Los Altos, CA 94022-1448
Los Altos metro Census 510400 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.69M
CAP Approach CAP
$4.81M
Comparable Approach Comparable
$8.35M
Blend (final) Blend
$7.48M

Owner & transaction history

since 2022
Last sale
$6.8M
4 recorded transactions
2022
$6.8M
2021
Price N/A
2008
$2.8M
1998
Price N/A

Zoning & alternative use

CT · Los Altos, CA
Zoning description

CD COMMERCIAL DOWNTOWN DISTRICT* Chapter 14.44 - CD COMMERCIAL DOWNTOWN DISTRICT* Expand Chapter 14.48 - CRS COMMERCIAL RETAIL SALES DISTRICT* Chapter 14.48 - CRS COMMERCIAL RETAIL SALES DISTRICT* Expand Chapter 14.50 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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