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Listed by Cornish & Carey Commercial, David O'such, Listing Contact: 650-465-1100
2,570 sqft

$3,450,000

510 Waverley ST, Palo Alto CA, 94301

Price per sqft$1,342.41
Built in1900
Property size2,570 sqft
Property typeMulti-family

Overview

Active

Listed Oct 14, 2026

Updated 3h ago

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.

$22,953/mo

Est. mortgage payment based on a $3,450,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
ML82064622

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.11 Acres

Other Property Details

Taxes
$5,194
Tax Frequency
Annually
MLS provider logo

Listed by Cornish & Carey Commercial, David O'such DRE:01033820,
Listing Contact: 650-465-1100 

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Data last updated 11:10 PM UTC, 10/14/2026

 

 

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