Paul Leon - Coldwell Banker Commercial Real Estate Solutions Logo
$10,500,000
( $951.52Per Sq Foot )
 $56,366 est/mo Sourced by Back At You

530 Webster Street,Palo Alto, CA 94301

Palo Alto, CA 94301

Share:

PreviousNext

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!

Details

MLS #ML82054084
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Year1927
Days On Site61
Listing Provided ByColdwell Banker Realty | Kelly Griggs

Features

SQ Feet11,035
Units16
Building(s)1
ZoningRM5
Acreage0.34

Interior

CoolingNone
HeatingElectric
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofBitumen, Tile
Lot FeaturesLevel

Taxes

Property126942

Area Information

StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$10,500,000
low | high
Med:
$3,725,000
100% of Average
sqft:
11,035
low | high
Med:
2,574
100% of Average
$ / sqft:
$952
low | high
Med:
$1,448
2.132366649892% of Average
On site:
61
low | high
Med:
52
100% of Average
Sourced by Back At You

Market Activity 94301

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Paul Leon

Paul Victor Leon

Coldwell Banker Commercial

00915214 (760) 559-6472paul.leon@cbcinland.com
StateCA
CountySanta Clara
CityPalo Alto
Zip Code94301
Area699 Not Defined
Listing VS Median (in 94301)
Price:
$10,500,000
low | high
Med:
$3,725,000
100% of Average
sqft:
11,035
low | high
Med:
2,574
100% of Average
$ / sqft:
$952
low | high
Med:
$1,448
2.132366649892% of Average
On site:
61
low | high
Med:
52
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $7.875M - $13.125M
sqft: 8,000 - 13,500
Nearby Listings Property ImageNearby Listings Details
837 Cowper Street Property Photo 1
$11,000,000
837 Cowper Street
Palo Alto, CA 94301
Listing Updated: September 10, 2026 at 2:01:19 PM PDT

Paul Leon - Coldwell Banker Commercial Real Estate Solutions