Incredible opportunity to build new in highly sought-after downtown/Professorville Palo Alto. Lot is 50 x 150 = roughly 7,500sf. No flood zone, so a finished basement should be permitted (buyer to verify with city). Walk to award winning Palo Alto schools, downtown Palo Alto, Cal-train, Stanford. Collect rent from the 3 units while getting your permits. Current building consists of one 3bed/1.5bath, one 2bed/1 bath and one 1bed/1bath, totaling over $10k per month. A great opportunity in a highly sought-after location.