530 Webster Street, PALO ALTO, CA 94301

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530 Webster Street, PALO ALTO, CA 94301

$10,500,000 (Active Under Contract)

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Listed by: Kelly Griggs - Coldwell Banker Realty

$$10,500,000

Active Under Contract

est.$10,500,000/month.

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beds. baths. 11,035 Sqft.

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Mortgage Broker

Ray Avanzino
Polaris Capital Partners
Ray@polariscappartners.com
(650) 576-6531
NMLS# 288504
Company NMLS# 01391664

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or Call Now: (650) 576-6531

530 Webster Street, PALO ALTO, CA 94301

$10,500,000

Active Under Contract

est.$10,500,000/month.

Start My Approval

beds baths 11,035 Sq.ft.

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Property details for 530 Webster Street, PALO ALTO, CA 94301

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!

Broker details: Coldwell Banker Realty

Listed by: Kelly Griggs
Co-listing Broker: Coldwell Banker Realty
Co-listing Agent: Billy McNair