706 University Avenue, Los Altos, California 94022, Los Altos, - bed, bath

home-pic
ACTIVE$5,788,000
706 University Avenue, Los Altos, California 94022
3Beds
3Baths
1,944Sqft
14,178Lot
Year Built
1951
Close
-
List price
$5.79M
Original List price
$5.79M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017019
Home ConditionExcellent
Features
Patio
View-

About this home

Located on one of the most sought-after streets in Los Altos, this property is walkable to downtown, offering the perfect blend of charm, convenience, and long-term potential with Los Altos Schools. This residence offers approx. 1,944 square feet of living space on a generous 14,178 square foot lot. Home went through a permitted remodel with 3 bedrooms, all new bathrooms, kitchen, floors, paint, HVAC, tankless water heater... Other lot options are shown in the photos. Finished remodel, with flexibility for buyers who may want to: Move in and make it their forever home, live in the property during the entitlement process for a future custom build, explore SB9 potential, including duplex or two-home configurations (subject to city approvals). Photos include a current photo of the front exterior, example of one large home on the large property (photo and layout), SB9 opportunities with layouts and renderings. Reach out for more information.

Price History

Date
Event
Price
10/30/25
Listing
$5,788,000
04/29/25
Sold
$3,502,500
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (36 Listings)
Beds34
32%
Baths33
50%
Square foot1,9442,962
22%
Lot Size14,17820,900
41%
Price$5.79M$5.5M
54%
Price per square foot$2,977$1,876
92%
Built year19511963
30%
HOA
Days on market6105
3%
Condition Rating
Excellent

Despite being built in 1951, the property has undergone a recent and extensive permitted remodel, including all new bathrooms, kitchen, floors, paint, HVAC, and a tankless water heater. The images confirm a modern, high-quality renovation with new fixtures, contemporary finishes, and pristine conditions throughout, meeting current quality standards with virtually new components.
Pros & Cons

Pros

Prime Location & Walkability: Situated on one of Los Altos' most sought-after streets, offering excellent walkability to downtown amenities and services.
Top-Tier School District: Located within the highly desirable Los Altos School District, a significant draw for families and a strong value driver.
Extensive Permitted Remodel: The home has undergone a comprehensive, permitted remodel including new bathrooms, kitchen, floors, paint, HVAC, and a tankless water heater, providing modern comfort and reduced immediate maintenance.
Generous Lot & Development Potential: A substantial 14,178 square foot lot offers significant flexibility for a future custom build or exploring SB9 potential for duplex/two-home configurations.
Long-Term Investment Opportunity: The combination of a prime location, large lot, and development potential positions this property as a strong long-term investment with various strategic options for buyers.

Cons

Significant Price Discrepancy: The listing price of $5.788M is notably higher than the estimated property value of $4.82M, suggesting a premium for potential or a potential overvaluation.
Older Original Construction: Despite the recent remodel, the core structure of the home dates back to 1951, which may present considerations for long-term structural integrity or future expansion plans.
Development Subject to Approvals: Realizing the full development potential (e.g., custom build, SB9) is explicitly stated as 'subject to city approvals,' introducing uncertainty, time, and additional costs for the buyer.

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