1061 Alma Street, Palo Alto, CA, CA 94301
- $3,500,000
- 2,577
- SqFt
- List Price
- $3,500,000
- Status
- ACTIVE
- MLS#
- ML82053370
- County
- Santa Clara
- Year Built
- 1965
- Building Square Feet
- 2,577
- Square Feet
- 10,500
- Days on Market
- 23
- Property Type
- Multifamily
Property Description
Located 5 minutes from downtown Palo Alto, 1061 Alma Street presents a rare and exceptionally well-situated investment opportunity. This prime fourplex offers stable cash flow with significant long-term appreciation potential in one of the world's most desirable real estate markets. The property features a highly functional layout with strong tenant appeal, making it an ideal addition to any investment portfolio or a perfect candidate for a 1031 exchange. Its distinct curb appeal, complete with a classic white picket fence and low-maintenance landscaping, stands out in a high-demand rental corridor Positioned just blocks from University Avenue, residents enjoy immediate access to world class dining, premier retail, and public transit. Proximity to Stanford University, major Silicon Valley tech campuses, and top-tier local schools ensures a consistent, high-quality tenant pool for years to come
/u.realgeeks.media/grandestatesca/dp_logo_w_background.png){kind=logo}
Additional Information
- Taxes
- $15,087
- Parcel Number
- 12030045
- Gross Scheduled Income
- $140,972
- Number of Buildings
- 1
- Heat
- Central
- Cooling
- Yes
- Roof
- Shingle
- Carport Spaces
- 4
- Sewer
- Public Sewer
- School District
- Palo Alto Unified
Listing courtesy of Listing Agent: Ephan Liu (ephanrealtor@gmail.com) from Listing Office: Wilbur Properties.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.