Downtown Build Opportunity! This property offers a rare opportunity to own a 7,500 square foot lot zoned for two residences in Downtown Palo Alto. The front house (#845) is currently not habitable, but has fully approved plans for a 2,600 square foot home with 5 bedrooms and 4 bathrooms. Remodel with the existing plans or build your dream house! The recently renovated back house (#847) is approximately 950 square feet, with 3 bedrooms and 1 bath, and has a sunny landscaped backyard. It is currently being rented as an income unit, but offers a multitude of potential uses, from office to gym to guest house. Lot is zoned RM-15 by City of Palo Alto. Walk to Whole Foods, Caltrain, downtown shops, and restaurants and the highly acclaimed Palo Alto Schools.