Vittoria Management Acquires Palo Alto SFR For $14M

Silicon Valley icon Genie Laborde-Griffin's Palo Alto home has sold for $14 million to Vittoria Management's LLC. The property, located at 1431 & 1433 Webster Street, offers a unique opportunity for development or restoration in a sought-after neighborhood. With a total area of 4,048 square feet, the single-family residence provides ample space for potential transformation. Its market value of $3,458 per square foot reflects the desirability of the location in Palo Alto.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $14,000,000
• Address: 1431 & 1433 Webster Street, Palo Alto
• Market: Palo Alto
• Buyer: Vittoria Management's LLC
• Brokers: Eva Chen and Jeff Chen from Compass
• Square Footage: 4,048
• Price Per Square Foot: $3,458

Eva Chen and Jeff Chen, represented by Compass, facilitated the transaction as the brokers for Vittoria Management's LLC. Their expertise in the Palo Alto market contributed to the successful sale of Genie Laborde-Griffin's property. The sale price of $14 million showcases the high value placed on this property within the Silicon Valley region. Investors and developers now have the opportunity to capitalize on this prime location and embark on either a development project or a well-considered restoration endeavor.