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ActiveCondo

$1,320,000

455 Grant Ave Apt 10, Palo Alto 94306

Beds3
Baths2
Sqft1,280
DOM11
No Photos Available

AddressIntel AI Briefing

This property is a Condo/Townhome asset and must be viewed strictly as an investment. At-market pricing relative to comparable sales limits short-term arbitrage, but the projected rental yield of $4,583/mo provides stable long-term cash flow in a high-demand Palo Alto submarket.

Property Permit History

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Palo Alto)

2026-08-2126 ERSTWILD CT, PALO ALTO CA 94303
Project - Building Permit
--Submitted
2026-08-213200 MORRIS DR, PALO ALTO CA 94303
Project - Building Permit
--Submitted
2026-08-21525 CENTER DR, UNIT A, PALO ALTO CA 94301
Revision-Building Permit
--In Plan Check
2026-08-211310 BRYANT ST, PALO ALTO CA 94301
Revision-Building Permit
--In Plan Check
2026-08-213355 WAVERLEY ST, PALO ALTO CA 94306
Kitchen and/or Bath Remodel: Within existing footprint, non-structural changes are allowed (detached single-family and duplex only)
--Permit Issued
2026-08-213524 LOUIS RD, PALO ALTO CA 94303
Building Addressing
--Under Review

Parcel & Zoning Info

APN13250004
Official Lot Sqft1,307
Zoning Code--
SB 9 StatusN/A

Condo Investment Snapshot

Value Score50/100
Price / Sqft$1,031 vs $1,032 mkt
Price vs Market0% At market
Est. Rent$4,583/mo

Price positioning vs. 74 recent comparable condo/townhome sales in this ZIP. Est. rent is a rule-of-thumb (price ÷ 24 ÷ 12), not a market quote. SB 9 / ADU development analysis doesn't apply to condos: the owner doesn't control the underlying land.

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

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.

Nearby Public Schools

Elementary School

El Carmelo Elementary

Palo Alto Unified

0.7 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

1.1 miles away
High School

Palo Alto High

Palo Alto Unified

1.1 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

71/100

Based on recent sales velocity and local demand in 94306.

Flippability Score

35/100

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

Bidding War Prob.

53%

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.

Median of 6 recent condo sales in Palo Alto (94306): $1,075/sqft. Sized within 25% of the 1,900 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$1,045,000
New Build1,900 sqft
Total Capital Required$2,540,000
Estimated Resale (ARV)$2,042,500
Cost of Sale (5%)-$102,125
Net Proceeds$1,940,375

Projected Profit

-$599,625
-23.6% ROI

Warning: Project is mathematically underwater.

Recent Comparables (Palo Alto 94306)

Sized to the modelled 1,900 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.

4237 Ponce Dr

Sold
$2,140,000
Sold: 2026-05-26
Lot: -
Sqft: 1812
$/Sqft: $1,181

4148 Thain Way

Sold
$1,498,000
Sold: 2026-04-14
Lot: 1,637
Sqft: 1629
$/Sqft: $920

435 Sheridan Ave Apt 312

Sold
$2,500,000
Sold: 2026-01-08
Lot: -
Sqft: 2029
$/Sqft: $1,232

200 Sheridan Ave Apt 107

Sold
$1,410,150
Sold: 2025-12-09
Lot: -
Sqft: 1659
$/Sqft: $850

200 Sheridan Ave Apt 103

Sold
$2,425,000
Sold: 2025-11-24
Lot: -
Sqft: 1827
$/Sqft: $1,327

4132 Thain Way

Sold
$1,400,000
Sold: 2025-10-20
Lot: -
Sqft: 1445
$/Sqft: $969