A rare development opportunity in one of Palo Alto's most coveted downtown adjacent neighborhoods. Set on a level 7,500 sq ft lot (50 x 150), 1023 Guinda Street pairs a classic 1924 home with build upside that seldom comes to market this close to University Avenue. The existing 3 bedroom, 2.5 bath residence (approx. 1,392 sq ft) is bright, characterful, and livable. A detached rear structure with full bath and cedar sauna adds flexible space; buyer to verify permits and use. The R-1 parcel offers an estimated combined potential of roughly 5,300 to 5,900 sq ft across a new main residence, an uncounted basement, and a detached ADU; buyer to verify all development potential and figures with the City of Palo Alto and qualified professionals. Moments from downtown Palo Alto, Caltrain, and acclaimed schools. Sold as is. Some interior photos are virtually staged and digitally altered; original unaltered photos are included in the set.