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Berkshire Hathaway HomeServices California Properties

640 Waverley Street, Palo Alto, CA 94301

$12,500,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Frank De Bernardo | debernardo2000@gmail.com
Lic#: 01211552
Broker: Courtesy of eXp Realty of Northern California, Inc.
Phone: 831-901-2324

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active

Listing ID: ML82048326

Price: $12,500,000

Rental Rate: $12,500,000

Lot Size:

HOA Fee is $0.00

0.12 acres

County: Santa Clara

Zoning: CDC

Last Updated: 6/14/2026

Days On Market (DOM): 73

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Lat/Long: 37.445600, -122.158514.
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Easement Present: (Easement present. For more information, contact agent.)

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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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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