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$3,500,000
Est. payment /mo
2,577 SqFt
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 Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,577 sqft
Price per Sqft $1,358
MLS Listing ID ML82053370
HOA Y/N No
Year Built 1965
Annual Tax Amount $15,087
Lot Size 10,497 Sqft
Property Sub-Type Quadruplex
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 699 - Not Defined
Zoning R1
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Parking Features Covered, Uncovered
Carport Spaces 4
View Y/N No
Roof Type Shingle
Accessibility Parking
Total Parking Spaces 4
Building
Story 1
Foundation Slab
Sewer Public Sewer
Schools
School District Palo Alto Unified
Others
Tax ID 12030045
Special Listing Condition Standard
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Listed by Ephan Liu Wilbur Properties #02155256
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