Downtown Palo Alto Real Estate

Welcome to Downtown Palo Alto, a vibrant hub nestled in the heart of Silicon Valley, California. This dynamic neighborhood is a perfect blend of innovation, culture, and community, making it an ideal place to call home.

Downtown Palo Alto boasts an eclectic mix of charming boutiques, upscale dining, and cozy cafes, all set against a backdrop of beautiful tree-lined streets. Stroll along University Avenue, where you’ll discover everything from artisanal shops to renowned restaurants that cater to every palate. Whether you’re in the mood for a gourmet meal or a casual coffee break, this neighborhood has it all.

For those who appreciate the arts, the downtown area is home to the Palo Alto Art Center and a variety of galleries showcasing local talent. The vibrant community calendar is filled with events, from farmers' markets to outdoor concerts, ensuring there’s always something happening. Families will love the nearby parks, such as Lytton Plaza and the iconic Rinconada Park, which offer green spaces for picnics, playgrounds for children, and trails for leisurely walks.

Education is a cornerstone of this community, with access to top-rated schools and proximity to prestigious institutions like Stanford University. The convenient location also means easy access to public transportation, making commuting a breeze.

In Downtown Palo Alto, you’ll find a unique blend of suburban charm and urban sophistication, where innovation meets tradition. Whether you’re looking to buy your first home or seeking an investment property, this neighborhood offers a lifestyle that is both enriching and exciting. Welcome to your new home in Downtown Palo Alto!

Newest Listings in Downtown Palo Alto

$1,875,000

2 Beds ⋅ 2 Baths ⋅ ML82064674 MLS ⋅ The Palo Alto BLDG.

Imagine living downtown with treetop views in a beautifully renovated condo with a spacious balcony. 101 Alma is a unique building in downtown Palo Alto with extensive grounds and facilities including a pool, gym, meeting rooms and library. It is also the only unrestricted (no age limit) building with 24/7 door person and security. This unit has just undergone a substantial remodel with new lighting, countertops, appliances, vanities, flooring and fresh paint throughout. The condo also has very generous closets, a separate storage room and is walking distance to downtown, Stanford Shopping Center and Caltrain. Come see your new home!

101 Alma ST 601, Palo Alto

Listed by Lucy Berman, 650-208-8824 from Golden Gate Sotheby's International Realty
(If provided) CoList: from

$3,450,000

ML82064622 MLS

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.

510 Waverley ST, Palo Alto

Listed by David O'such, 650-465-1100 from Cornish & Carey Commercial
(If provided) CoList: from

$3,990,000

5 Beds ⋅ ML82064495 MLS

The actual location of the property is 171 Emerson St and 207 Hawthorne Ave. A downtown Palo Alto corner property combining a separate residence with multiple rental units and established rental income, this property combines classic residential character with proximity to University Avenues restaurants, cafÃ©s, boutiques, and Stanford Theatre. Nearby Johnson Park, Palo Alto Caltrain, and Stanford University enhance the locations residential and investment appeal. Top-tier local schools add desired value. Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. 171 Emerson Street offers a two-bedroom, two-bath residence. 207 Hawthorne Avenue includes 3 existing 1-bedroom, 1-bath units plus a 1-bedroom, 1-bath ADU with permit issued. The 5-unit configuration offers multiple rental income streams for established portfolio builders and an opportunity for buyers considering a residence with additional rental income, low maintenance and in a high demand area. This is a compelling opportunity to establish or expand a real estate holding in desirable downtown Palo Alto.

207 Hawthorne AVE, Palo Alto

Listed by Lynne Tran, 408-891-7978 from Intero Real Estate Services
(If provided) CoList: from

$2,395,000

2 Beds ⋅ 2 Baths ⋅ ML82063939 MLS ⋅ The Hamilton BLDG.

One of the Hamilton's finest residences: a corner penthouse with no neighbors overhead, indoor/outdoor living with light-filled rooms and slate-tiled terraces, and a one-of-a-kind configuration. The 2-bedroom/den, 1.5-bath main residence is joined by a separate and uniquely flexible 1-bedroom, 1-bath suite across the terrace, ideal for a guest, caregiver or home workspace. Bright interiors offer sweeping tree views, limestone and hardwood floors, a gas-log fireplace, and an extra-large eat-in kitchen with maple cabinetry and granite counters. Approximately 1,813 sq. ft. Deeded parking and storage. The Hamilton, a 55+ community, offers a 24-hour staffed lobby, dining room, heated indoor pool, fitness classes, concierge, a town car, housekeeping, and reservable guest rooms for visitors, all within a block of shops and restaurants.

555 Byron ST 402, Palo Alto

Listed by Nicole Aron, 650-740-7954 from Compass
(If provided) CoList: from

$998,000

2 Beds ⋅ 2 Baths ⋅ ML82062835 MLS

NEW Incredible price! The Best Of Downtown Palo Alto. Perfect blend of luxury and lifestyle in this completely renovated Top Floor Penthouse-inspired condominium. Huge 2 Bed/2Bath w/private balcony. Elevator. Perfect for end users or investors. Flawless showcase of mid-century revival design, with an airy, open-concept floor plan and attached brand-new gourmet kitchen. Designer kitchen is custom-designed with premium flush-front cabinetry, integrated stainless appliances, and stunning Grand Marfil quartz countertops curated for the discerning chef. Situated in one of Silicon Valley's most coveted zip codes, this home puts the best of the Peninsula right at your doorstep. Start your mornings at nearby favorites like Philz Coffee, Peet's or Blue Bottle. Later explore the vibrant dining scene on University Avenue or indulge in retail at the Stanford Shopping Center, featuring luxury brands. Ideal for professionals and academics alike, you are perfectly positioned near Stanford University, leading healthcare centers, and major tech campuses including Nvidia, Meta, and Google. Exceptional transit links via Caltrain and Highway 101 make traveling across the Bay effortless. Enjoy close proximity to highly acclaimed local schools, including Addison, Greene, and Paly (buyer to verify).

528 Everett AVE F, Palo Alto

Listed by Dana McCue, 650-248-3950 from Compass
(If provided) CoList: from

$3,098,000

ML82062178 MLS

This well-maintained 5-unit multifamily property offers investors a rare combination of in-place stability and proven upside in one of the Bay Area's most resilient rental submarkets. Located just a few blocks from University Avenue's dining, shops, and retail, this offers a desirable walk to downtown Palo Alto location. Built in 1925 and thoughtfully updated over time, including a new electrical panel, new HVAC systems in each unit. Every 1-bed unit has been nicely remodeled, with all units offering remodeled kitchens and baths, in-unit washer and dryer, and A/C. The unit mix consists of four spacious 1-bedroom/1-bath units and one studio, totaling 3,540 SF in the building. The property is occupied with excellent, well-qualified tenants, currently at under-market rents. All 5 units are nicely remodeled with great natural light and fabulous floor plans. Deep renter pool from nearby major employers and CalTrain accessibility. 2-car garage onsite, which could be rented for added income or converted to an ADU. Two additional driveway parking spots. This property can be purchased individually as a 5-unit multifamily property or as a combined 12-unit portfolio with the adjacent 4-plex at 311-317 Ramona Street and triplex at 270 Everett. Incredible opportunity!

252-262 Everett AVE, Palo Alto

Listed by Kelly Griggs, 650-464-1965 from Coldwell Banker Realty
(If provided) CoList: Billy McNair from Coldwell Banker Realty

$1,499,800

2 Beds ⋅ 2 Baths ⋅ ML82061776 MLS

Stylish and sophisticated downtown Palo Alto inside corner condo unit blending contemporary comfort with distinctive architectural character. Newly refinished oak hardwood floors flow through the open living and dining areas, highlighted by abundant natural light and a wood-burning fireplace with a seamless marble slab surround. The open kitchen features custom rich dark-wood cabinetry, premium stone countertops, stainless steel appliances, a unique bronze-tinted glass backsplash, and a generous peninsula ideal for cooking and entertaining. Custom built-in buffet cabinetry enhances the dining area. Spacious bedrooms offer hardwood floors, ample closest spaces, and newly installed Mitsubishi mini-split individual climate control; the primary suite includes a built-in workspace and sliding doors open to a private patio. Spa-inspired baths feature floor-to-ceiling natural stone tile, heated floors, frameless glass enclosures, Grohe thermostatic fixtures, a soaking tub, sculptural black vessel sinks and designer VOLA wall-mounted faucets. Hunter Douglas SilhouetteÃÃÂ® shades, five closets, and full-size side-by-side laundry, two underground parking spots with a storage closet complete the home. Prime downtown location near Whole Foods, Caltrain, PAMF, restaurants, cafes and shops.

165 Forest AVE 2C, Palo Alto

Listed by Delia Fei, 650-269-3422 from Compass
(If provided) CoList: from

$4,995,000

2 Beds ⋅ 3 Baths ⋅ ML82061598 MLS

* * A Statement Property * * Designed by renowned architect Joseph Bellomo for those who appreciate exceptional architecture, uncompromising craftsmanship, and a low-maintenance luxury lifestyle, this extraordinary residence stands alone in the Bay Area. Located in the heart of vibrant downtown Palo Alto, this iconic glass, concrete, and steel landmark showcases award-winning architecture with dramatic floor-to-ceiling glass, sculptural metal screening, and striking contemporary design. Enjoy year-round comfort with an advanced hydronic radiant floor heating/cooling system, extra-quiet double-insulated Low-E windows, and abundant natural light. Take the car elevator to the secure underground parking with two dedicated spaces, then take the elevator directly to the main courtyard. The thoughtfully designed floor plan features an open-concept kitchen, living and dining area, office, powder room, two luxurious bedroom suites, and upstairs laundry. Above it all is an extraordinary rooftop garden with 3 feet of soil and spectacular 360-degree views of downtown Palo Alto, the Bay Area, and surrounding foothills. More than a luxury condo, this is a rare architectural masterpiece and a once-in-a-generation opportunity to own one of Silicon Valley's most distinctive residences.

102 University AVE 3B, Palo Alto

Listed by Mark Martinho, 650-346-1595 from Vabrato
(If provided) CoList: Vivienne Kelvin from Vabrato

$11,000,000

ML82056815 MLS

* Nestled in the heart of Downtown Palo Alto University South, one of Palo Altos most desirable neighborhood and a few minutes away from Palo Alto CALTrain station. * The property presents a rare opportunity to own a 14-unit multi-family property offering both strong income and long-term growth potential. * Built in 1961 on an expansive 17,500 sqft (0.40 acre) lot, this 2-story building features approximately12,830 sqft of living area, (740-1100 sqft per unit, buyer to verify square footage). * All the units have 3-4 sided independent walls & balconies, granite slab, newer appliances and fixtures. Most have dishwasher, washer and dryer in unit. * The property's beautifully landscaped grounds are a standout feature with a variety of mature fruit trees & a peaceful garden courtyard that creates a serene atmosphere for residents. * The 1- & 2-bed apartments' actual rents ($2,900 -$5,100/mo) in one of the regions strongest rental markets. * 11 units were remodeled in 2022-2023 and the rest of 3 units were updated approximately 10 years ago. * Roof, gutter, furnaces, windows, hot water heaters, circulator etc. were replaced over the years of ownership. * Ample off-street permitted parking & on-site laundry facilities. * Deck, property & termite reports available. * An A+ property.

837 Cowper ST, Palo Alto

Listed by Monica Yeung Arima, 650-888-4116 from Yarkin Realty
(If provided) CoList: from

$12,500,000

7 Beds ⋅ 7 Baths ⋅ ML82057145 MLS

This world class offering presents a rare & prestigious opportunity to acquire a fully entitled mixed-use development totaling 17,616 sq. ft. in the heart of downtown Palo Alto...one of the most sought-after addresses in Silicon Valley. Approved through the City's rigorous Architectural Review Board process & supported by comprehensive technical studies, the project is positioned for immediate execution.The approved design features an elegant 4-story building integrating ~2,345 sq. ft. of premium office space +terraces w/ residences above, complemented by secure below-grade parking. Just steps from University Avenue & Caltrain, this development combines timeless architectural appeal with enduring location value, offering investors a balanced income profile and an exceptional long-term hold in one of the nation's most supply-constrained and resilient markets. 640 Waverley Street is a fully entitled, pre-construction mixed-use project. Designed by Birge Clark Award-winning architect Ken Hayes, the property features: Four luxury residential units totaling 10,602 sq. ft. with soaring 12-foot ceilings. Class A commercial office space of 2,369 sq. ft. A state-of-the-art 4,645 sq. ft. residential basement with 18-foot clearance and a concealed parking lift accommodating seven vehicles.

640 Waverley ST, Palo Alto

Listed by Frank De Bernardo, 831-901-2324 from eXp Realty of Northern California, Inc.
(If provided) CoList: from

$11,000,000

5 Beds ⋅ ML82056833 MLS

837 Cowper ST, Palo Alto

Listed by Monica Yeung Arima, 650-888-4116 from Yarkin Realty
(If provided) CoList: from

$4,595,000

2 Beds ⋅ 3 Baths ⋅ ML82052145 MLS

**A home as unique as you are.** Designed by renowned architect Joseph Bellomo for those who appreciate exceptional architecture, uncompromising craftsmanship, and a low-maintenance luxury lifestyle, this extraordinary residence stands alone in the Bay Area. Located in the heart of vibrant downtown Palo Alto, this iconic glass, concrete, and steel landmark showcases award-winning architecture with dramatic floor-to-ceiling glass, sculptural metal screening, and striking contemporary design. Enjoy year-round comfort with an advanced hydronic radiant floor heating/cooling system, extra-quiet double-insulated Low-E windows, and abundant natural light. Take the car elevator to the secure underground parking with two dedicated spaces, then take the elevator directly to the main courtyard. The thoughtfully designed floor plan features an open-concept kitchen, living and dining area, office, powder room, two luxurious bedroom suites, and upstairs laundry. Above it all is an extraordinary rooftop garden with 3 feet of soil and spectacular 360-degree views of downtown Palo Alto, the Bay Area, and surrounding foothills. More than a luxury condo, this is a rare architectural masterpiece and a once-in-a-generation opportunity to own one of Silicon Valley's most distinctive residences.

102 University AVE 3C, Palo Alto

Listed by Mark Martinho, 650-346-1595 from Vabrato
(If provided) CoList: Vivienne Kelvin from Vabrato

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Downtown Palo Alto Real Estate

Newest Listings in Downtown Palo Alto

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