235 Alma Street Palo Alto, CA ^$ 3,750,000

235 Alma Street

^$ 3,750,000

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Recently Listed

235 Alma Street

Palo Alto, CA, 94301

^$ 3,750,000

Studio Baths0.0 Sq 3,940

Monthly Estimate*

^$ 23,678

Listed by Cornish & Carey Commercial

235 Alma Street, Palo Alto, CA 94301 - Image 1

235 Alma Street, Palo Alto, CA 94301 - Image 2

235 Alma Street, Palo Alto, CA 94301 - Image 3

235 Alma Street, Palo Alto, CA 94301 - Image 4

235 Alma Street, Palo Alto, CA 94301 - Image 5

Studio

Multi-Family Home for sale in Palo Alto, CA

for $3,750,000. This 3,940 square foot home was built in 1904 on a lot size of 0.1291.

235 Alma offers a rare opportunity to own a unique office or live/work property in the heart of Downtown Palo Alto. The property is zoned CD-N (P) and the home has been used for SFR. SFR use is permitted non-conforming use. This meticulously updated (2025) property features two structures totaling approximately. 3940 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 conveninece for occupants and visitors alike. The location is in close proximity to the PA Caltrain station and SB 79 is potentially applicable to this property.

Multi-Family Active

Price

^$ 3,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1291

Year Built

1904

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82058116

Days on Market

Features

General

Living Area 3940

Sewer Public Sewer

Heating Central

Cooling Central Air

Roof Shingle

Zoning CD-N

Garage Spaces 4

Year Built 1904

Property Subtype Mixed Use

Accessibility None

County Santa Clara

Insurance Expense 0

Property Type Residential Income

HOA false

MaintenanceExpense 0

Garage Y/N true

Special Listing Conditions Standard

Status Active

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 5625

Carport Spaces 0

Tax Annual Amount 0

Trash Expense 0

Standard Status Active

Occupancy Type Vacant

Year Built Source Assessor

Property Sub Type Additional Mixed Use

Cap Rate 0

Interior

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Gated

Water Source Public

Total Parking 0

Lot Size Area 5625

Foundation Details Concrete Perimeter Pillar/Post/Pier

Number of Buildings 2

Building Area Total 3940

Lot Size Acres 0.1291

Lot Size Source Assessor

* Excluded Features

List By

Cornish & Carey Commercial

Broker

david.osuch@nmrk.com

Affordability Calculator

$23,678

Per Month

Monthly Principal & Interest: $23,678
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palo Alto, CA

Average List Price ^$3,756,463

Percent of Sale Price 0%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/18/2026	$3,750,000		Listed Price

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235 Alma Street, Palo Alto, CA, 94301 is a Multi-Family Home for sale at $3,750,000 with 3,940 sqft and a lot size of 0.1291. 235 Alma Street is a studio with 0.0 baths and was built in 1904. The property's zip code is 94301 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 8/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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235 Alma Street

Multi-Family Home for sale in Palo Alto, CA

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