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

Palo Alto, CA, 94301
$ 3,750,000
Bedrooms3 Baths0.0 Sq 3,940

Monthly Estimate*

$ 23,678

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

Multi-Family Home for sale in Palo Alto, CA

for $3,750,000 with 3 bedrooms. 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.

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Multi-Family Active

Price

$ 3,750,000

Bedrooms

3

Property Type

Multi-Family

Taxes

$ 0

Style

OTHER

Lot Size

0.1291

Year Built

1904

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82058116

Features
General
Living Area 3940
Sewer Public Sewer
Heating Forced Air Other
Zoning CD-N
Year Built 1904
Property Subtype OTHER
County Santa Clara
Property Type Residential Income
HOA false
Status Active
City Palo Alto
High School District Palo Alto Unified
MLS Area Listing
Lot Size Square Feet 5625
Standard Status Active
Elementary School District Palo Alto Unified
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Interior
Heating Y/N true
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Exterior
Water Source Public
Lot Size Area 5625
Building Area Total 3940
Lot Size Acres 0.1291
Other Equipment Other
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* Excluded Features
List By
David O'such

Listing Agent

Cornish & Carey Commercial

Broker

david.osuch@nmrk.com

Email

Affordability Calculator

$23,678
Per Month
100%
0%
0%
Monthly Principal & Interest
$23,678
Monthly Property Taxes
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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
4641845 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 has 3 bedrooms, 0.0 baths, and was built in 1904. The property's zip code is 94301 which is in Palo Alto, CA