Location, location, location! Unique opportunity to purchase a private property in Community Center, nestled along a peaceful street. Walking distance to University Avenue and vibrant downtown Palo Alto, as well as Lucie Stern Community Center, Rinconada Park and library, and local schools. 4,000 sqft parcel. The property has great value in its renovation & redevelopment potential. Currently includes a charming, well-maintained, 1-bed/1-bath cottage with private deck, and a studio ADU. Both units feature engineered hardwood floors, tiled kitchens and bathrooms & inside laundry. Kitchens updated with granite counter tops and stainless-steel appliances. Bathrooms with vanity and shower over tub. Detached office. Shared newly landscaped yard. New driveway. Desirable location for renters to generate income as investment or during development planning phase. No significant or heritage trees. Surrounded by new high-end homes. Build your dream luxury home or update the storybook cottage and ADU with your own design. Convenient to Caltrain, Stanford, 101, commute routes & leading tech campuses such as Apple, Google and Meta. Award-winning Palo Alto schools. Outstanding upside potential!