Palo Alto, CA 94301
$10,500,000
Bed
0
Bath
0
Living Space
11,035 SqFt
Year Built
1927
Lot Size
0.34 Acres
Days
79
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!
Listing provided courtesy ofKelly Griggs License 01812313 Coldwell Banker Realty, Billy McNair License 01343603 Coldwell Banker Realty
Data provided by MLSListings Inc.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of Webster Street, Palo Alto, CA, 94301, several parks are available. These include Rinconada Park, known for its extensive walking paths, swimming pool, and picnic areas; Bowling Green Park, which offers lawn bowling; and Scott Park. Additionally, Elizabeth Gamble Garden Center and Palo Alto Heritage Park are nearby recreational spots.
The neighborhood surrounding Webster Street in Palo Alto is identified as University South. This area is characterized by its historic district, proximity to Stanford University, and vibrant downtown Palo Alto, offering a mix of dining, shopping, and community events. The community is noted for its walkability and access to cultural attractions.
Webster Street has a Walk Score of 86 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed but is described as "Some Transit," with several bus lines, including the 21, 280, 281, 296O, 397, and DB, and various Caltrain lines (Express, Limited, Local Weekday, Weekend Local) serving the area.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank S. Greene Jr. Middle (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of Webster Street, Palo Alto, CA, 94301, several parks are available. These include Rinconada Park, known for its extensive walking paths, swimming pool, and picnic areas; Bowling Green Park, which offers lawn bowling; and Scott Park. Additionally, Elizabeth Gamble Garden Center and Palo Alto Heritage Park are nearby recreational spots.
The neighborhood surrounding Webster Street in Palo Alto is identified as University South. This area is characterized by its historic district, proximity to Stanford University, and vibrant downtown Palo Alto, offering a mix of dining, shopping, and community events. The community is noted for its walkability and access to cultural attractions.
Webster Street has a Walk Score of 86 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed but is described as "Some Transit," with several bus lines, including the 21, 280, 281, 296O, 397, and DB, and various Caltrain lines (Express, Limited, Local Weekday, Weekend Local) serving the area.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
