1033 Amarillo Ave, Palo Alto, CA 94303

Unique opportunity to purchase a deep 53'x190' lot in South Palo Alto, nestled along a peaceful street! Build your dream luxury home and ADU. Transform the expansive back yard into your very own oasis. No significant or heritage trees. Walking distance to Greer Park, minutes from Midtown & Town and Country Shopping Center. Two blocks from sought-after elementary choice programs including Mandarin immersion at Ohlone school (check with Palo Alto district for admission requirements.) Currently includes 2 charming, well-maintained, 2-bed/1-bath cottages with spacious individual private yards and garage. Both homes feature hardwood floors, tiled kitchens and bathrooms, inside laundry rooms, updated galley kitchens with quartz counter tops, gas range and dishwasher. Desirable location for renters to generate income as investment or during development planning phase. Convenient to Caltrain, Stanford, 101, commute routes & leading tech campuses such as Apple, Google and Meta. Award-winning Palo Alto schools. Original 109'x190' parcel (largest east of Midtown) is in the process of being subdivided down the middle. Investors can purchase either or both adjacent lots to increase development opportunities. This property oozes potential for profit!