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Berkshire Hathaway HomeServices California Properties

824 San Antonio Road, Palo Alto, CA 94303

$15,000,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Ken Kho | ken@kho.net
Lic#: 01759705
Broker: Courtesy of Legacy Real Estate & Associates
Phone: 510-396-5408

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active

Listing ID: ML82055961

Price: $15,000,000

Rental Rate: $15,000,000

Lot Size:

HOA Fee is $0.00

Built in 1986

0.45 acres

County: Santa Clara

Zoning: CS

Heating/cooling: Central Air

Heating description: Central

Last Updated: 7/30/2026

Days On Market (DOM): 5

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Lat/Long: 37.421095, -122.101224.
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Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Rare opportunity to acquire a fully entitled luxury senior living development site in Palo Alto, in the heart of Silicon Valley. Approved for a boutique luxury senior living community comprising 27 senior living units, including Independent Living residences and Assisted Living accommodations, together with approximately 3,000 square feet of ground-floor commercial space. Years of planning, design, and entitlement work have been completed, allowing a purchaser to move directly toward permitting and construction. Ideally situated near Stanford University and Stanford Health Care, with convenient access to the region's premier medical, research, and technology institutions. Located in one of the nation's most affluent and supply-constrained senior housing markets, where opportunities for new senior living development are exceptionally limited. Strong demographic fundamentals and significant barriers to entry create a compelling long-term investment opportunity. Ideal for senior housing developers, healthcare organizations, family offices, institutional investors, or other qualified buyers seeking a premier development opportunity. Confidentiality agreement required for access to detailed information.

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