Rezoning

349 First Street, Los Altos, CA

On municipal recordLos Altos, CA
5/ 5
Prime signal
Bedrock impact score
Action type
Rezoning
Asset class
Multifamily / Residential
Status
On municipal record
Filed
2026-08-06
Jurisdiction
Los Altos, CA
Days on record
Not dated
01Investment highlights

Why this deal matters

  • Rezoning in Los Altos, CA · Multifamily / Residential
  • Bedrock impact score 5 of 5 — Prime signal
  • Builder's Remedy invocation bypasses Los Altos's non-compliant zoning, signaling a live precedent that a 6-story multifamily project can be forced through in this market
  • A direct comp and entitlement signal for any developer eyeing infill sites in this high-value Peninsula city.
02Deal summary

The rationale

Builder's Remedy invocation bypasses Los Altos's non-compliant zoning, signaling a live precedent that a 6-story multifamily project can be forced through in this market — a direct comp and entitlement signal for any developer eyeing infill sites in this high-value Peninsula city.

Octane First Street, LLC is seeking Design Review approval and a Vesting Tentative Map to construct a six-story, 19-unit multifamily residential condominium development at 349 First Street in Los Altos, CA, proceeding under the Housing Accountability Act's Builder's Remedy provision.

03Deal facts

The filing record

Jurisdiction
Los Altos, CA
Action type
Rezoning
Asset class
Multifamily / Residential
Applicant
Octane First Street, LLC
Status
On municipal record
Filed
2026-08-06
Days on record
Not dated
05Record timeline

Filing to current status

  1. Filed with jurisdiction
    2026-08-06
    On the municipal record
  2. Scored by Bedrock
    Relevance 5 / 5
    Automated land-use signal
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