235 Alma Street, Palo Alto, CA 94301
Santa Clara County
Key Facts
Description
235 Alma St. offers a rare opportunity to own a uniques office or live/work property in the heart of DT Palo Alto. This meticulously updated (2025) property features two structures, totaling approx. 3,940 SF, situated on +/- 5,625 SF parcel. The main building spans multiple levels and includes freshly renovated interiors with clean, modern finishes, while the second structure provides adaptable office or flex space. Recent exterior renovations and professional landscaping have created an inviting environment complemented by abundant natural light throughout both buildings. Onsite and nearby street parking options add convenience for occupants and visitors alike. The location offers unmatched connectivity with close proximity to the PA Caltrain Station, ensuring easy commuter access throughout the Peninsula and Silicon Valley. Property zoning is CD-N(P) which provides for commercial and office uses. The property can be used as SFR as a grandfathered use per written letter with city of Palo Alto.
Property Information
Property Type
Commercial Sale
Sub-Type
Industrial
Year Built
1904
Living Area
3,940 sq ft
Lot Size
0.13 acres
Zoning
CD-N
Days on Market
1
MLS® Listing#
ML82051993
Property Features
Sewer
Financial Details
HOA
None
Parcel Number
12025058
Affordability Calculator
$899,000
Estimated monthly payment
$23,924/mo
Principal $3,596,000 · Est. interest $5,016,740 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palo Alto, CA
- $1,000,000
- Median Listing Price
- 39
- Median Days on Market
- 1,591
- Median Sq Ft
- $1,257
- Median Price / Sq Ft
- 280
- Active Listings
- This home’s price is 350% above the area median.
- Its price per sq ft is 9% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palo Alto, CA.
Location
Points of Interest in Palo Alto, CA
Showing the Palo Alto area map.
Nearby Schools
Rise Together Education
School · 0.4 mi away
Discovery Children's House
School · 0.6 mi away
Menlo Atherton Cooperative Nursery School
School · 0.7 mi away
Paly Robotics
School · 0.7 mi away
Sand Hill School
Secondary · 0.7 mi away
Stanford West Children's Center
School · 0.8 mi away
Addison Elementary School
Elementary · 0.9 mi away
The Learning Center
School · 0.9 mi away
Palo Alto High School
Secondary · 1.0 mi away
Palo Alto High School Tennis Courts
Secondary · 1.0 mi away
Palo Alto Unified School District
School · 1.1 mi away
Cypress College Prep
Secondary School · 1.1 mi away
Tru
School · 1.1 mi away
Building Kidz
School · 1.1 mi away
The Roberts School
School · 1.1 mi away
Menlo-Atherton High School
Secondary · 1.1 mi away
Silicon Valley International School
Secondary · 1.2 mi away
German American School of Palo Alto (Gaspa)
School · 1.2 mi away
East Palo Alto High School
Secondary · 1.2 mi away
Alto International School
School · 1.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 997 Ilima Way, Palo Alto, CA | $3,290,000 | 4 | 2 | 1,516 |
| 997 Ilima Way, Palo Alto, CA | $3,290,000 | 4 | 2 | 1,516 |
| 2355 Louis Road, PALO ALTO, CA | $3,295,000 | 4 | — | 1,260 |
| 2355 Louis Road, Palo Alto, CA | $3,295,000 | 4 | 2 | 1,260 |
| 2355 Louis Road, Palo Alto, CA | $3,295,000 | 4 | 2 | 1,260 |
| 729 Waverley Street, Palo Alto, CA | $3,350,000 | — | — | 3,258 |
Moving Cost Estimate
EXIT Agents in Palo Alto
Listing Courtesy: Cornish & Carey Commercial
Presented by: David O'such
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.