510 Waverley Street Palo Alto, CA ^$ 3,450,000

510 Waverley Street

^$ 3,450,000

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Recently Listed

510 Waverley Street

Palo Alto, CA, 94301

^$ 3,450,000

Bedrooms-- Baths0.0 Sq 2,570

Monthly Estimate*

^$ 23,828

Listed by David O'such, Cornish & Carey Commercial, david.osuch@nmrk.com

510 Waverley Street, Palo Alto, CA 94301 - Image 1

510 Waverley Street, Palo Alto, CA 94301 - Image 2

510 Waverley Street, Palo Alto, CA 94301 - Image 3

510 Waverley Street, Palo Alto, CA 94301 - Image 4

510 Waverley Street, Palo Alto, CA 94301 - Image 5

510 Waverley Street, Palo Alto, CA 94301 - Image 6

510 Waverley Street, Palo Alto, CA 94301 - Image 7

Multi-Family Home for sale in Palo Alto, CA

for $3,450,000. This 2,570 square foot home was built in 1900 on a lot size of 0.1124.

Located in downtown Palo Alto, this mixed-use property is zoned CD-C(P) which allows for the second floor to be converted into residential. Ground floor is 2,570 square feet and leased to one office tenant and one retail tenant. Take advantage of up to 2,500 bonus square feet completing a historical upgrade to the building and use the bonus square footage to build out a residential unit on the second floor. The property is served by the Palo Alto Unified elementary school district. The building features central forced air heating and central air conditioning for year-round comfort. Notably, there is an exclusive parking area behind the building for 7 on site parking stalls. This property provides a value add opportunity for an investor interested in expanding the square footage of the property with a second floor residential unit, improving the ground floor rental rate with fresh cosmetic renovations.

Multi-Family Active

Price

^$ 3,450,000

Property Type

Multi-Family

Taxes

^$ 5,194

Style

Lot Size

0.1124

Year Built

1900

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82064622

Days on Market

Features

General

Living Area 2570

Sewer Public Sewer

Heating Central

Cooling Central Air

Roof Composition

Zoning CDC(P)

Garage Spaces 0

Year Built 1900

Property Subtype Mixed Use

Accessibility Parking

County Santa Clara

Insurance Expense 12748

Property Type Residential Income

HOA false

MaintenanceExpense 13684

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Cross Street: University Ave.

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 4895

Carport Spaces 0

Tax Annual Amount 5194

Trash Expense 1187

Standard Status Active

Occupancy Type Tenant

Year Built Source Other

Property Sub Type Additional Mixed Use

Cap Rate 2.57

Interior

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 7

Lot Size Area 4895

Number of Buildings 1

Building Area Total 2570

Lot Size Acres 0.1124

Lot Size Source Other

* Excluded Features

List By

David O'such

Listing Agent

Cornish & Carey Commercial

Broker

david.osuch@nmrk.com

Affordability Calculator

$24,261

Per Month

Monthly Principal & Interest: $23,828
Monthly Property Taxes: $433
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$4,248,300

Percent of Sale Price 23%

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
10/14/2026	$3,450,000		Listed Price

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510 Waverley Street, Palo Alto, CA, 94301 is a Multi-Family Home for sale at $3,450,000 with 2,570 sqft and a lot size of 0.1124. 510 Waverley Street has 0.0 baths and was built in 1900. 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 7.375% 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 11/3/2026. 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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510 Waverley Street

Multi-Family Home for sale in Palo Alto, CA

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