530 Webster ST, Palo Alto, CA 94301
- $10,500,000
- 11,035
- SqFt
Listed by Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty
- List Price
- $10,500,000
- MLS#
- ML82054084
- Status
- ACTIVE
- Sqft. of Residence
- 11,035
- Lot Size
- 15,000
- Listing Area
- Downtown Palo Alto
- Year Built
- 1927
Property Description
A rare 16-unit trophy asset in the heart of Downtown Palo Alto. This stunning 1920s-era Spanish Colonial Revival building sits on a generous 15,000 SF lot with 11,035 SF of building area, half a block from University Avenue's renowned dining, shopping, and retail - an A+ location that speaks for itself. The unit mix features 9 1-bed/1-bath units and 7 oversized studios, almost all with updated kitchens and baths, and in-unit laundry in all large 1-bedroom units. The property is a showpiece: tile roofline, stucco exterior, arched windows/doorways, wrought-iron, and a lushly landscaped courtyard centered on a classic tiered fountain - the kind of building people stop to photograph. Ownership invested ~$1.3M in capital improvements in 2019, including new 400 AMP electrical panel, updated interior sub-panels, copper plumbing, Romex wiring, and exterior stucco refresh. 8 onsite garages, add'l storage, and dedicated laundry room. Recently signed June 2026 leases confirm market rents are achievable. Rarely does a property like this come to market - an architectural beauty in an irreplaceable location, offering stable in-place cash flow, proven rent upside, and the kind of curb appeal that simply can't be built today. A true once-in-a-generation opportunity for the discerning investor!
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Additional Information
- Building Name
- 530 Webster Street
- Cooling System
- None
- Floor Covering
- Carpet, Laminate
- Foundation
- Concrete Perimeter
- Garage Parking
- Detached Garage, Leased Parking, On Street
- Heating System
- Electric
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 11,035
- Lot Description
- Grade - Level
- Lot Size
- 15,000
- Neighborhood
- Downtown Palo Alto
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Public Utilities
- Roof
- Bitumen, Tile
- Sewer
- Sewer - Public
- Zoning
- RM5
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