235 Alma Street, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 4 bath
235 Alma Street
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 235 Alma Street, Palo Alto, California 94301 reveals a Fairly Priced Property with a current list price of $4,988,000 aligned with the estimated $4,953,671 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 235 Alma Street Subject | $4,988,000* List Price | 3 | 4 | 2,560 | $1,935 | - |
A 1245 Waverley Street Sold | $4,923,000 | 4 | 3 | 2,661 | $1,850 | 0.9 mi |
B 429 Ruthven Avenue Pending | $3,998,000 List Price | 4 | 3 | 2,057 | $1,944 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property consists of two extensively and recently renovated buildings. The front residence features a fully modernized kitchen with high-end stainless steel appliances, stone countertops, and contemporary cabinetry. Bathrooms have been updated with modern vanities and glass-enclosed showers. The interior boasts refinished hardwood floors, updated recessed lighting, and crisp paint throughout. The rear building is a high-quality modern conversion with polished floors, exposed brick, and a glass roll-up door, indicating all systems and finishes meet current premium standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palo Alto High School (9/10).
- Versatile Zoning and Usage
The CD-N zoning allows for a diverse range of uses including residential, office, retail, and personal services, offering incredible flexibility for owner-users or investors.
- Prime Downtown Location
Boasting a high walkability score to downtown Palo Alto amenities and proximity to top-tier schools, this property occupies one of the most desirable real estate markets in the country.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2560, other record living area = 1555.
- Traffic and Noise Exposure
Situated on Alma Street, the property is subject to significant vehicle traffic and noise from the adjacent Caltrain corridor, which may detract from residential tranquility.
- Historic Era Maintenance
Originally constructed in 1904, the structures may require specialized upkeep or face historical preservation considerations that could complicate future modifications.
About 235 Alma Street
Two recently updated buildings in downtown Palo Alto zoned CD-N, which allows a multiplicity of uses: residential, office, retail, personal services [e.g., fitness center], and more or a mix of uses // Front house [2560 sf] has 3 bedrooms [or offices] and an open lower level [955 sf] that can accommodate a variety of personal or commercial uses // Rear building [1380 sf] is a brick clad high bay clear space with skylights, a wall of glass, and a glass roll up door: an open canvas for your creativity // Inviting landscape embraces the buildings // Walk to downtown amenities // Refer to SB 79 for high density redevelopment potential //
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1904
- Lot Size
- 5,625 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Addison Elementary School
Grades K-5 • 0.9 mi
David Starr Jordan Middle School
Grades 6-8 • 1.8 mi
Palo Alto High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 58% |
| Square foot | 2,560 | 2,332 | 55% |
| Lot Size | 5,625 | 6,420 | 39% |
| Price | $4.99M | $4.50M | 55% |
| Price per sq ft | $1.9K | $2.2K | 33% |
| Built year | 1904 | 1923 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 156 | 3% |
Pricing History
Listed for Sale
Feb 11, 2026
$4,988,000
Initial Listing
Sold
Dec 22, 2020
$2,600,000
Public Record