Located near Stanford University and just steps away from California Ave., Palo Alto's historic shopping district offering a wide variety of shops and diverse restaurants, plus an all year-round farmer's market. The property provides the convenience of being near El Camino Real while tucked into the quiet neighborhood of College Terrace. Only a short bike ride to the Towns and Country and Stanford shopping centers for additional shopping and dining options. The current structures as an investment property with three separate rentals plus storage rental opportunity: a front home office, and two rental units in the main structure plus a detached storage structure. Buyers have many options to use the property, such as building two townhouses plus an ADU. Basement is allowed. Buyers to verify with city of Palo Alto for redevelopment options.