4898 El Camino RealLos Altos, CA 94022

Property Details for 4898 El Camino Real

Year built

1959

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

8,324 SF

Zone code

CT

Property type

Office properties

Property subtype

Office buildings

APN

170-03-085

APU

17003085

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,170,595

  6.5%

  $4,772,857

  7%

  $4,431,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,031,380

  Geo Method

  $2,321,647

• Alternative Use

  Use

  Valuation

  Residential

  $5,918,342

  Hospitality

  $5,421,170

  Educational

  $4,510,350

  Medical

  $4,665,468

  Retail

  $7,016,100

Location Insight

City

Los Altos

County

Santa Clara

State

California

Latitude

37.3981

Longitude

-122.108

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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