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… Read More 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 Read Less
Courtesy of Wilbur Properties, Ephan Liu 650-741-1466
Listing Snapshot
Days Online
77
Last Updated
Property Type
Fourplex
Square Ft.
2,577
Lot Size
0.24 Acres
Year Built
1965
MLS Number
ML82053370
30 Days Snapshot Of 94301
$3.86M
-15%
(avg) sold price
11
+10%
homes sold
25
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 10500.00, Max Area Units: Square Feet
Unit One
1 bedroom in unit 1, Unit 1: approximately 650 square feet, Unit 1 rent: $3,100
Unit Two
1 bedroom in unit 2, Unit 2: approximately 650 square feet, Unit 2 rent: $2,999
Unit Three
1 bedroom in unit 3, Unit 3: approximately 650 square feet, Unit 3 rent: $2,700
Unit Four
1 bedroom in unit 4, Unit 4: approximately 650 square feet, Unit 4 rent: $0
Accessibility Features
Parking
Building
Built in 1965, 4 building units, 1 building, 2,577 structure square feet
Roof
Shingle
Utilities
Available - Not On Site
Sewer
Sewer - Public
Security Features
None
Heating
Central Forced Air
Cooling
None
Foundation
Concrete Slab
Water Features
Individual Water Meter
Parking
4 parking spaces
Miscellaneous
Vacancy factor: 25
Tenant Pays
Utilities - Electric, Utilities - Gas, Utilities - Water
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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