1061 Alma Street, Palo Alto, CA 94301

Palo Alto
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1061 Alma Street,Palo Alto, CA 94301
$3,500,000
  • - Beds
  • - Baths
  • 2,577 sq. ft.
  • Multi-family
  • Active
Listed by: ephan liu
Office: wilbur properties650-847-3800
MLS#:ML82053370
Source:CRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$1,358.17

About this home

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

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Home facts

  • Year built:1965
  • Listing ID #:ML82053370
  • Added:109 day(s) ago
  • Updated:October 25, 2026 at 10:54 AM

Rooms and interior

  • Living area:2,577 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1965
  • Building area:2,577 sq. ft.
  • Lot area:0.24 Acres
  • Foundation Description:Slab

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$1,358.17
  • Tax amount:$15,087

Parking

  • Total parking spaces:4
  • Parking description:4 Carport Space(s), Covered, Uncovered
  • Carport spaces:4
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