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Listed by Ephan Liu • Wilbur Properties, DRE#02155256
$3,500,000
Est. payment /mo
4 Beds
4 Baths
2,577 SqFt
Open Sat 1PM-4PM
1061 Alma ST Palo Alto, CA 94301
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Open House
Sat Jul 11, 1:00pm - 4:00pm
Sun Jul 12, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,577 sqft
Price per Sqft $1,358
MLS Listing ID ML82053370
Bedrooms 4
Full Baths 4
Year Built 1965
Lot Size 10,500 Sqft
Property Sub-Type Fourplex
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
Location
State CA
County Santa Clara
Area Professorville
Zoning R1
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Assigned Spaces, Covered Parking, Uncovered Parking
Utilities Available Available - Not On Site
Roof Type Shingle
Building
Story 1
Foundation Concrete Slab
Sewer Sewer - Public
Water Individual Water Meter
Level or Stories 1
Others
Tax ID 120-30-045
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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