235 Alma Street, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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235 Alma Street
Palo Alto, California 94301
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,940Sq Ft
5,625Lot Size
Property Price
LIST PRICE$3,750,000
SUMMARY
Analysis of 235 Alma Street, Palo Alto, California 94301 is currently available with a list price of $3,750,000. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1904, the property was meticulously updated in 2025 with clean, modern finishes and recent exterior renovations. As a complete renovation less than 5 years old, it is in mint condition with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Palo Alto High School (9/10).
- Versatile Live/Work Potential
The property offers rare CD-N (P) zoning that supports office, live/work, or permitted non-conforming residential use, providing exceptional flexibility for investors or owner-users in a prime market.
- Comprehensive 2025 Renovations
Meticulously updated in 2025, the property features two distinct structures with clean modern finishes, professional landscaping, and updated exteriors, ensuring a turnkey experience for the new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3940, other record living area = 2560.
- Non-Conforming Use Complexity
The residential component is classified as a permitted non-conforming use, which may lead to complexities regarding future redevelopment, expansion, or specific types of traditional residential financing.
- Historic Structural Age
Originally constructed in 1904, the property may possess inherent structural or utility characteristics typical of century-old buildings that require ongoing specialized maintenance despite recent cosmetic updates.
About 235 Alma Street
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.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1904
- Lot Size
- 5,625 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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
7/10
David Starr Jordan Middle School
Grades 6-8 • 1.8 mi
8/10
Palo Alto High School
Grades 9-12 • 0.7 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Aug 18, 2026
$3,750,000
Initial Listing
Sold
Dec 22, 2020
$2,600,000
Public Record