Opportunity knocks in Palo Alto. Situated on a large corner lot, this home is a true fixer-upper with significant value-add potential. Ideal for investors, developers, or end users looking to renovate, expand, or build new, this property offers a rare chance to create substantial upside in a high-demand market. Located within the boundaries of highly regarded Palo Alto schools, the long-term value here is undeniable. Surrounded by a mix of updated and original homes, this is an excellent opportunity to capitalize on location, lot size, and future potential. Close to parks, shopping, and key commute routes.
Single-familyProperty Type
1956Year Built
7,700 sq ftLot Size
$2,301Price/Sq.Ft.
2 car garageParking
Listed by Sandy Jamison•DRE #01847009• Tuscana Properties
Listed by The Jamison Team•DRE #70010132• Tuscana Properties
Est. $5,943 per month, based on comparable rentals
Sale and tax history for 3868 Louis Rd
Sale History
Tax History
Date
Event
Price
MLSListings #ML82044450
Jun 1, 2026
Sold
$3,270,000
$2,301/sq ft
Jun 1, 2026
Sold
$3,270,000
$2,301/sq ft
May 8, 2026
Pending
—
May 8, 2026
Pending
—
Apr 24, 2026
Listed
$3,099,995
$2,182/sq ft
Apr 24, 2026
Listed
$3,099,995
$2,182/sq ft
+27
Opportunity knocks in Palo Alto. Situated on a large corner lot, this home is a true fixer-upper with significant value-add potential. Ideal for investors, developers, or end users looking to renovate, expand, or build new, this property offers a rare chance to create substantial upside in a high-demand market. Located within the boundaries of highly regarded Palo Alto schools, the long-term value here is undeniable. Surrounded by a mix of updated and original homes, this is an excellent opportunity to capitalize on location, lot size, and future potential. Close to parks, shopping, and key commute routes.
Year
Property tax
Land + Additions
Assessment*
2025
$1,234 (+4.2%)
$3,009,000 + $153,000
$3,162,000
2024
$1,185 (+1.6%)
$41,554 + $57,034
$98,588
2023
$1,166 (+1.5%)
$40,740 + $55,916
$96,656
2022
$1,148 (+2.3%)
$39,942 + $54,820
$94,762
2021
$1,123 (+2.2%)
$39,159 + $53,746
$92,905
2020
$1,099 (+1.1%)
$38,392 + $52,693
$91,085
2019
$1,087 (−42.0%)
$37,999 + $52,153
$90,152
2018
$1,874 (+78.5%)
$37,254 + $51,131
$88,385
2017
$1,050 (−3.7%)
$35,808 + $49,147
$84,955
2016
$1,090 (+9.2%)
$35,808 + $49,147
$84,955
2015
$998 (+1.5%)
$35,106 + $48,184
$83,290
2014
$983 (+1.9%)
$33,902 + $46,532
$80,434
2012
$965 (+5.8%)
$33,749 + $46,322
$80,071
2011
$912 (+0.2%)
$33,088 + $45,414
$78,502
2010
$910 (+1.0%)
$32,440 + $44,524
$76,964
2009
$901 (+5.1%)
$32,198 + $44,192
$76,390
2008
$857
$31,643 + $43,429
$75,072
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,700 Sq. Ft.
Year renovated
1956
Sq. Ft.
1,421
Year built
1956
Style
Single Family Residential
County
Santa Clara County
APN
12757022
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
R-1 (8000)
Single Family Residential District
The R-1 single family residential district is intended to create, preserve, and enhance areas suitable for detached dwellings with a strong presence of nature and with open area affording maximum privacy and opportunities for outdoor living and childrens play. Minimum site area requirements are established to create and preserve variety among neighborhoods, to provide adequate open area, and to encourage quality design. Accessory du, junior accessory du and accessory structures or buildings are appropriate. Community uses and facilities, such as churches and schools, should be limited unless no net loss of housing would result.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Mobile home park
Mar 20, 2023 • Final
Water heater (gas): one gas water heater, not tankless, same number of btus or less, and under 200,000 btus (detached single-family, duplex, single condo/apartment unit, and individual commercial tenant space)
Replace an existing gas water heater with a similar model in the same location for a single-family home.
Plumbing
Water heater
Sep 17, 2010 • Active
Project - building
Remove and replace a water heater in the same location.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Garage (Minimum): 2
Garage (Maximum): 2
Parking Description: Attached Garage
Garage Spaces: 2
Interior
Bedroom Information
# of Bedrooms (Minimum): 3
# of Bedrooms (Maximum): 3
Bathroom Information
# of Baths (Full): 2
Room Information
Family Room Description: Kitchen/Family Room Combo
Home facts updated by county records on Aug 21, 2026
Other
Miscellaneous Information
Incorporated: Yes
Around this home
Schools
Fairmeadow Elementary School
Public K-5 • Assigned • 0.6mi
10/10
Jane Lathrop Stanford Middle School
Public 6-8 • Assigned • 0.7mi
10/10
Henry M. Gunn High School
Public 9-12 • Assigned • 2.1mi
10/10
Provided by GreatSchools
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 90° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Palo Alto, CA • 94303
Average low and high temperatures (°F)
61
41
63
45
69
48
68
49
72
53
73
55
72
57
77
58
77
59
74
54
64
47
59
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 10% for direct sun exposure in Palo Alto. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$3.24M – $3.92M
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