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Listed by Ephan Liu • Wilbur Properties
$ 3,500,000
Est. payment | /mo
2,577 SqFt
$ 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
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
Lot Size 10,500 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
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
Interior
Heating Forced Air
Cooling No Air Conditioning
Fireplace No
Schools
School District Palo Alto Unified, Palo Alto Unified
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745