Two Charming College Terrace Cottages with Endless Potential

$2,498,000
2230 - 2240 Hanover Street, Palo Alto
Presented by
Xin Jiang

6,250 SF Lot / Two Homes 1,522 SF Living / 4 Beds / 2 Baths

Rare opportunity in the heart of College Terrace! This unique property features two grandfathered homes with separate house numbers, offering exceptional flexibility for investors and end users.  

Each 2-bed, 1-bath home includes a dedicated carport at the back of the lot.  Whether you're looking to generate steady income, embark on a redevelopment project, or design your ideal residence, this lot offers limitless possibilities.

Enjoy easy access to Stanford University, as well as nearby shopping, dining, and top tech campuses. Plus, benefit from award-winning Palo Alto schools - a prime location that truly has it all!

Site Plans

Site plan

Neighborhood

Home to Stanford University, Palo Alto blends small-town charm and tree-lined streets with world-class innovation. The city of 66,000 takes its name from an ancient redwood that once stood along San Francisquito Creek. Palo Alto's exceptional quality of life stems from its thoughtful preservation of open space – nearly one-third of its 25 square miles is dedicated to parks and nature areas, including the resident-exclusive 1,400-acre Foothills Park. The city boasts more than 30 municipal parks, offering abundant recreational opportunities throughout its neighborhoods.

The city's vibrant downtown along University Avenue and California Avenue pulses with diverse restaurants and boutique shops, while Stanford Shopping Center provides luxury retail in an elegant outdoor setting.

The adjacent Stanford University campus enriches community life through lectures, cultural events, and continuing education opportunities. Education stands at the heart of Palo Alto's identity, with an astounding 82% of adult residents holding at least a Bachelor's degree. This intellectual capital has made the city a cradle of innovation – pioneering companies like Hewlett-Packard and Tesla Motors call it home, while tech giants such as Facebook, Pinterest, and PayPal were born here.

This combination of natural beauty, cultural wealth, and technological innovation makes Palo Alto one of America's most desirable addresses. With a median household income of $220,000 and median home prices of $3.6 million, its 94301 ZIP code ranks #20 on Robb Report's list of the nation's most expensive postal codes.

Recent Listings

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