Rezoning
349 First Street, Los 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
- Filed with jurisdiction2026-08-06On the municipal record
- Scored by BedrockRelevance 5 / 5Automated land-use signal
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