530 Webster Street, PALO ALTO, CA 94301
530 Webster Street · Santa Clara County
Key Facts
Listed By: Coldwell Banker Realty - 6503244456
Listed By: Kelly Griggs
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!
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1927
Living Area
11,035 sq ft
Garage Spaces
8
MLS® Listing#
ML82054084
Property Features
Appliances
Cooling
Heating
Flooring
Pool
Parking
Laundry
Lot Features
Foundation
Roof
Security
Sewer
Water Source
Schools
- Elementary:
- Addison Elementary
- Middle:
- Frank S. Greene Middle
- High:
- Palo Alto High
Financial Details
HOA
None
Annual Taxes
$126,942
Parcel Number
120-03-059
Directions
University to Webster
Affordability Calculator
$2,100,000
Estimated monthly payment
$55,885/mo
Principal $8,400,000 · Est. interest $11,718,747 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
- 1,570
- Median Sq Ft
- $1,252
- Median Price / Sq Ft
- 283
- Active Listings
- This home’s price is 950% above the area median.
- Its price per sq ft is 24% 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
Discovery Children's House
School · 0.1 mi away
Rise Together Education
School · 0.2 mi away
Addison Elementary School
Elementary · 0.4 mi away
The Learning Center
School · 0.6 mi away
Tru
School · 0.6 mi away
St Elizabeth Seton School
Secondary · 0.7 mi away
Paly Robotics
School · 0.8 mi away
Building Kidz
School · 0.8 mi away
Silicon Valley International School
Secondary · 0.9 mi away
German American School of Palo Alto (Gaspa)
School · 0.9 mi away
East Palo Alto High School
Secondary · 0.9 mi away
Alto International School
School · 0.9 mi away
The Roberts School
School · 0.9 mi away
Walter Hays Elementary School
Elementary · 0.9 mi away
German - American International School
School · 0.9 mi away
Laurel Elementary School Upper Campus
Elementary · 0.9 mi away
Willow Oaks Elementary
Elementary · 0.9 mi away
Kipp Valiant Community Prep
Elementary · 0.9 mi away
Palo Alto High School
Secondary · 1.0 mi away
Palo Alto High School Tennis Courts
Secondary · 1.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 251 Middlefield Road, Palo Alto, CA | $7,500,000 | 11 | 10 | 5,939 |
| 251 Middlefield Road, Palo Alto, CA | $7,500,000 | — | — | — |
| 644 Georgia Avenue, Palo Alto, CA | $7,898,000 | 5 | 5 | 3,092 |
| 1836 Webster Street, PALO ALTO, CA | $8,488,000 | 5 | — | 2,831 |
| 1836 Webster Street, Palo Alto, CA | $8,488,000 | 5 | 4 | 2,831 |
| 1836 Webster Street, Palo Alto, CA | $8,488,000 | 5 | 4 | 2,831 |
Moving Cost Estimate
EXIT Agents in PALO ALTO
Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.
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