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ActiveSingle Family

$3,688,800

2535 South Ct, Palo Alto 94301

Beds3
Baths2
Sqft1,403
DOM3
No Photos Available

AddressIntel AI Briefing

The optimal play is a complete teardown-and-mansionize project to capitalize on the massive discrepancy between current asking price and potential custom home values in Palo Alto. Strong neighborhood demand and active custom home permits nearby validate this pathway. Geotechnical engineering will be required to mitigate the liquefaction hazard.

Property Permit History

DateProject TypeStatusValuationContractor
Finaled$7,500BAY AREA UNDERPINNING INC
Finaled$16,550COSMOS ROOFING INC

Recent Neighborhood Remodeling (Palo Alto)

1325 PARKINSON AV
$10,000Finaled
3100 HANSEN WY
$93,504Finaled
301 SANTA RITA AV
$5,000Expired
3179 GREER RD
$99,071Finaled
1540 EDGEWOOD DR
$52,300Finaled
777 JOSINA AV
$9,408Finaled

Parcel & Zoning Info

APN13212016
Official Lot Sqft6,970
Zoning Code--
SB 9 StatusLikely · up to 4 units
SB 9 Block Reasons No SB 9 disqualifiers found
Development Blockers
Liquefaction
Unlock Pathways
Ministerial ADU Ministerial SB 9 Density Bonus
Entitlement RiskLow (0/100)

ADU Potential

Feasibility Score84/100
Max ADU Units2 (ADU + JADU)
Est. ADU Size1,200 sqft
Existing Coverage20.1%

Flag / irregular · Corner lot · ~103 ft frontage × 145 ft deep, a tucked-away rear unit is very private; access is typically via the pole driveway. A second street frontage lets an ADU take its own entrance and address.

Screening heuristic based on lot size, existing coverage, lot orientation, and hazard overlays. CA ADU law is ministerial statewide; verify max size, setbacks, and JADU owner-occupancy with the local planning dept.

Redevelopment Potential

Redevelopment Score61/100
ClassTeardown candidate
FAR Utilization49% of allowed
Buildable Headroom+1,438 sqft

Small, older home using a low share of the allowable building envelope on a sizable lot, a scrape-and-rebuild or major-expansion play. Zoning allows roughly 2,841 sqft of gross floor area on this lot.

Screening estimate comparing existing living area to the city's single-family floor-area limit. FAR rule curated from current municipal code. Source: PAMC 18.12.040 Table 2; max house size 6,000 sqft (as of 2026-06-30). Verify FAR, coverage, setbacks, and height with the local planning dept.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

Yes
In a mapped liquefaction zone. May require specialized foundation engineering.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).

Nearby Public Schools

Elementary School

El Carmelo Elementary

Palo Alto Unified

0.4 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

0.6 miles away
High School

Palo Alto High

Palo Alto Unified

1.2 miles away

School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.

Proprietary Intelligence

Market Heat Index

68/100

Based on recent sales velocity and local demand in 94301.

Flippability Score

85/100

Measures neighborhood renovation density vs. recent permits on this property.

Bidding War Prob.

36%

Likelihood of multiple offers based on local list-to-sale ratios and DOM.

Proforma ROI Calculator

Back-of-the-napkin deal analysis across development strategies.

Zoning allows roughly 2,841 sqft on this lot, and the default builds to that envelope. The FAR figure is a discretionary-review trigger, not a hard cap.

Median of 12 recent single-family sales in Palo Alto (94301): $2,603/sqft. Sized within 25% of the 2,800 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.

Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.

Carry on total capital for the project duration. At 0% the model is a cash purchase; 12 months at a typical construction-loan rate moves ROI by 6 to 10 points on a deal this size, so price it with your real rate.

Hard Costs$1,540,000
New Build2,800 sqft
Total Capital Required$5,403,800
Estimated Resale (ARV)$7,288,400
Cost of Sale (5%)-$364,420
Net Proceeds$6,923,980

Projected Profit

$1,520,180
28.1% ROI

Recent Comparables (Palo Alto 94301)

Sized to the modelled 2,800 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

1800 Waverley St

Sold
$7,500,000
Sold: 2026-09-11
Lot: 9,600
Sqft: 2965
$/Sqft: $2,530

2101 Middlefield Rd

Sold
$4,789,000
Sold: 2026-09-11
Lot: 7,497
Sqft: 2834
$/Sqft: $1,690

1353 Martin Ave

Sold
$9,800,000
Sold: 2026-08-11
Lot: 8,395
Sqft: 3117
$/Sqft: $3,144

2001 Bryant St

Sold
$21,775,000
Sold: 2026-07-20
Lot: 31,742
Sqft: 3061
$/Sqft: $7,114

771 Center Dr

Sold
$6,510,000
Sold: 2026-07-20
Lot: 10,500
Sqft: 2391
$/Sqft: $2,723

65 Kirby Pl

Sold
$9,000,000
Sold: 2026-07-17
Lot: 16,280
Sqft: 2485
$/Sqft: $3,622

1211 Fulton St

Sold
$6,711,000
Sold: 2026-07-16
Lot: 5,625
Sqft: 2508
$/Sqft: $2,676

1427 Byron St

Sold
$5,565,000
Sold: 2026-07-15
Lot: 5,600
Sqft: 3030
$/Sqft: $1,837

426 Palo Alto Ave

Sold
$4,000,000
Sold: 2026-06-24
Lot: 11,880
Sqft: 3336
$/Sqft: $1,199

1135 Emerson St

Sold
$4,500,000
Sold: 2026-06-24
Lot: 7,000
Sqft: 2194
$/Sqft: $2,051

342 Kellogg Ave

Sold
$19,000,000
Sold: 2026-06-17
Lot: 26,388
Sqft: 2859
$/Sqft: $6,646

1150 Byron St

Sold
$6,925,000
Sold: 2026-06-05
Lot: 5,625
Sqft: 3293
$/Sqft: $2,103