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Residential Income - 510 Waverley Street, Palo Alto, CA

$3,450,000

510 Waverley Street, Palo Alto, CA

MLS# ML82064622

510 Waverley Street, Palo Alto, CA 94301 - $3,450,000 · Multi-Family Home for Sale, photo 1 510 Waverley Street, Palo Alto, CA 94301 - $3,450,000 · Multi-Family Home for Sale, photo 2 510 Waverley Street, Palo Alto, CA 94301 - $3,450,000 · Multi-Family Home for Sale, photo 3 510 Waverley Street, Palo Alto, CA 94301 - $3,450,000 · Multi-Family Home for Sale, photo 4 510 Waverley Street, Palo Alto, CA 94301 - $3,450,000 · Multi-Family Home for Sale, photo 5
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Description

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.

Property details

Square feet
2,570
Year built
1900
Property type
Residential Income
Lot size
4,895 sqft

Location

510 Waverley Street • Palo Alto, CA 94301

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Listing Agent

David O'such

DRE #: 01033820

Brokerage: Cornish & Carey Commercial

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CRMLS

MLS# ML82064622

Listed: 10/14/2026 9:19 AM

© 2026 California Regional Multiple Listing Service, Inc.

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/14/2026 4:22 PM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Cornish & Carey Commercial

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

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Nalren Corp. · CA DRE #02423715