$6,300,000
340 Palo Alto Ave, Palo Alto 94301
AddressIntel AI Briefing
This 1910 structure is a classic teardown-and-mansionize candidate due to its tiny size and low lot coverage, but the $6.3 million asking price severely limits ROI. An alternative SB 9 lot split into multiple units is technically feasible but faces a liquefaction hazard blocker that will inflate foundation engineering costs.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2022-12-09 | Expired | $3,700 | RANDO AAA HVAC INC DBA AAA FURNACE AND AIR CONDITIONING CO | |
| 2020-08-12 | Finaled | $16,993 | SEMPER SOLARIS CONSTRUCTION INC | |
| 2020-02-19 | Finaled | $5,200 | DISCOUNT PLUMBING AND HEATING INC |
Recent Neighborhood Remodeling (Palo Alto)
Parcel & Zoning Info
ADU Potential
Flag / irregular · Corner lot · ~123 ft frontage × 131 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.
Seller Motivation
Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.
Redevelopment Potential
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
Fire Severity
Liquefaction
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
Addison Elementary
Palo Alto Unified
Hillview Middle
Menlo Park City Elementary
Menlo-Atherton High
Sequoia Union High
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
69/100
Based on recent sales velocity and local demand in 94301.
Flippability Score
20/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
35%
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): $2,387/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. 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.
Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.
Projected Profit
Warning: Project is mathematically underwater.
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.