Investment Overview

4350 El Camino Real presents a rare opportunity to acquire an exceptional parcel of land entitled for 47-condominium units in the desirable city of Los Altos, California. Situated on a 0.66-acre lot, the subject property currently operates as a gas station and benefits from city-approved entitlements for the development of a 47-unit condominium project. The approved plans outline the development of a five-story, 47-unit condominium building featuring 40 market-rate and 7 below-market-rate units. The project encompasses a total gross building area of approximately 68,815 square feet, including 13,907 square feet of shared common areas. Additionally, the design includes two levels of underground parking totaling 36,845 square feet, offering 89 parking spaces, 5 of which are dedicated for EV charging. The subject property is located within close proximity to El Camino Real and the recently developed San Antonio Center in the city of Mountain View, both of which offer countless high-end shopping, dining and entertainment options. The subject parcel is also strategically located near major transportation corridors such as U.S. Highway 101 and Interstate 280, providing access to the major employment centers of San Francisco and San Jose. The investment appeal of this asset is driven by Los Altos' strong employment fundamentals and low vacancy rates. With a world-class location in the heart of the Silicon Valley, 4350 El Camino Real presents an attractive choice for investors and developers due to its exposure to major thoroughfares, close proximity to major employers, transportation corridors, and major shopping, dining and entertainment options.