530 Webster Street, Palo Alto | $10,500,000
Webster Street’s Darling — a rare 16-unit trophy multifamily asset in the heart of Downtown Palo Alto
Pending
9
Bed
16
Bath
11,035
Livable Area ft²
15,000
Lot ft²
Offered at $10,500,000
530 Webster Street
Investment Highlights
- 16 units in the heart of downtown Palo Alto, 11,035 total sf on a large 15,000 sf lot in an A+ location
- Incredible location — half a block to University Avenue dining, shops, and retail
- Nine 1-bed/1-bath units + Seven over-sized Studios
- Gorgeous architecture with a beautiful courtyard and fountain centerpiece — a building people stop to photograph
- In-unit laundry in all 1-bed units; updated kitchens and baths in almost all units
- 8 garages onsite, plus additional storage and a laundry room
- 1.3M Capital Improvements implemented in 2019, including 400 AMP panel with new interior subpanels, copper plumbing, Romex wiring, stucco refresh
- Great upside on rents, with proven June 2026 signed leases at market rents on both 1-bed and Studio units
- 94301 has posted consistent year-over-year rent growth, outperforming the broader metro and proving strong submarket fundamentals
- Deep renter pool from nearby major employers and transit, with most residents in recession-resistant industries like healthcare and education
- Stable in-place cash flow plus proven value-add upside — a compelling risk-adjusted return
Location Highlights
- Walkable, amenity-rich downtown Palo Alto location — consistently among the region's most renter-preferred neighborhoods
- Immediate access to major employment centers — short commutes and durable, built-in demand
- Downtown position connecting residents to Palo Alto's best dining, retail, and business districts within a few blocks
- Eight individual garage bays for residents and guests, plus street parking and an adjacent parking garage
- Multifamily vacancy among the lowest in the metro — strong absorption, limited competing supply
- Full-service grocery, farmers' markets, everyday retail, and top restaurants all within minutes
- One of the nation's most supply-constrained, high-barrier-to-entry housing markets, where limited new construction continues to support long-term multifamily demand
Plans
Floorplans
Site Plans
Location
Contact
McNair Group
(650) 862-3266
|
billy@mcnairgroup.com
|
1155 Crane Street, Menlo Park, CA 94025
|
DRE#:
01343603
Contact
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