Home | Santa Clara County | Palo Alto | 94301 | 530 Webster St
530 Webster St, Palo Alto, CA 94301
MLS: ML82054084 | Status: | Price: $10,500,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
11,035 |
15,000 |
1927 |
Upcoming Open Houses
| Date |
Time |
Hosted By |
| Thursday, July 16 |
11:00 am - 1:00 pm |
Kelly Griggs |
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!
| Field |
Value |
| MLS # |
ML82054084 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
0 |
Features
Interior Features
| Feature |
Details |
| Kitchen |
Countertop - Synthetic |
| Appliances |
Cooktop - Electric, Dishwasher, Oven Range - Built-In, Appliances - Vary by Unit, Washer/Dryer - Some Units |
| Flooring |
Carpet, Laminate |
| Cooling |
None |
| Heating |
Electric |
Exterior Features
| Feature |
Details |
| Roof |
Tile, Bitumen |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Detached, Leased Parking, On Street, Garage: 8 Car(s) |
| Elementary District |
Palo Alto Unified |
| High School District |
Palo Alto Unified |
| Sewer |
Public Sewer |
| Water |
Public |
| Complex Amenities |
Additional Storage, Other |
| Zoning |
RM5 |
| Listing Agent |
Co-Listing Agent |
| Kelly Griggs |
Billy Mcnair |
| Coldwell Banker Realty |
|
| License #: 01812313 |
License #: 01343603 |
| Phone: (650) 464-1965 |
Phone: (650) 862-3266 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 1 |
14 |
16 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
655 |
1 |
1/0 |
$3,235 |
$4,100 |
4 |
| 2 |
660 |
1 |
1/0 |
$3,003 |
$3,800 |
4 |
| 3 |
590 |
0 |
1/0 |
$2,900 |
$3,350 |
4 |
| 4 |
600 |
1 |
1/0 |
$3,000 |
$3,095 |
3 |
| 5 |
600 |
1 |
1/0 |
$3,600 |
$3,600 |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of July 13, 2026. For the most current information, please contact Kelly Griggs, (650) 464-1965.