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$3,750,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
  • Updated 8 days ago
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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.

Full Property Details for 235 Alma St

General

  • Price: $3,750,000
  • Status: Active
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82058116
  • Updated: 8/19/2026
  • Added to Site: 9 day(s) ago

Additional Information

  • Extras: Not Applicable
  • Security/Safety: Other

Parking

  • Garage Spaces: 4
  • Parking Features: Common Parking Area, Detached Garage, Gate / Door Opener

Location

  • Area: Downtown Palo Alto
  • County: Santa Clara

Heating & Cooling

  • Cooling Type: Central AC
  • Heating Type: Central Air (Forced Air), Other

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Gas, Master Water, Separate Electric

Structural Information

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Shingle
  • Disability Access: None
  • Square Feet: 3,940
  • Year Built: 1904

Unit Information

Unit 1

  • Square Feet: 2560
  • Bedrooms: 3

Unit 2

  • Square Feet: 1380

Lot Features

  • Minimum Lot Size: 5625
  • Lot Size (Sq. Ft.): 5,625
  • Building Sites: 2
  • Zoning: CD-N

Listed by Cornish & Carey Commercial, David O'such

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Listing agent

— 235 Alma St —

  • David O'such

    Cornish & Carey Commercial

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 235 Alma St

School District:Palo Alto Unified School District
NameGradesDistance
Addison Elementary School
650 Addison Avenue, Palo Alto, CA 94301
K-50.9 mi
Frank S. Greene Jr. Middle
750 N. CA Ave., Palo Alto, CA 94303
6-81.8 mi
Palo Alto High School
50 Embarcadero Road, Palo Alto, CA 94301
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 235 Alma St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/18/2026
Listed
$3,750,000
44.23%
MLS
12/15/2020
Sold
$2,600,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 235 Alma St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,147
—
$3,300,208
10%
2025
$37,147
11%
$3,005,606
9%
2024
$33,538
1%
$2,759,140
2%
2023
$33,045
1%
$2,705,040
2%
2022
$32,662
2%
$2,652,000
2%
2021
$32,017
171%
$2,600,000
185%
2020
$11,805
1%
$912,507
2%
2019
$11,673
3%
$894,616
2%
2018
$11,381
2%
$877,076
2%
2017
$11,180
3%
$859,880
2%
2016
$10,883
1%
$843,021
2%
2015
$10,773
3%
$830,359
2%
2014
$10,497
—
$814,094
—
2013
$10,474
—
$810,415
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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Listed by Cornish & Carey Commercial, David O'such

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235 Alma St, Palo Alto, CA 94301 (MLS# ML82058116) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 235 Alma St is currently listed for $3,750,000 and was received on August 18, 2026. Want to learn more about 235 Alma St? Do you have questions about finding other Multi-Family real estate for sale in South Palo Alto? You can browse all South Palo Alto real estate or contact a Coldwell Banker agent to request more information.

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