1037 Amarillo Ave, Palo Alto, CA 94303

Unique opportunity to purchase a deep 10,000+ SqFt lot in Palo Alto. Residential single family / detached. 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, cottages with spacious individual private yards: one 2-bedroom/1-bath and one 1-bedroom/1- bath. Including 1037 & 1035 and 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. Buyers should research ADU and Common Interest regulations to maximize profit. Don't miss this exceptional property in a desirable location, with potential galore!