1061 Alma St - Apartments FOR SALE


Palo Alto, CA 94301- Downtown Palo Alto
$3,500,000 USD
415-559-5557
1061 Alma St, Palo Alto, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/15
null | 2.95% Cap Rate

1061 Alma St
Palo Alto, CA 94301
Downtown Palo Alto


OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,358 USD /SF

# OF UNITS

4

PRICE/UNIT

$875,000

CAP RATE

2.95%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,302 SF

ZONING

R1, Palo Alto

APN/PARCEL ID

120-30-045

ASK ABOUT THIS PROPERTY

Anne WilburWilbur PropertiesMore Info
415-559-5557

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Anne WilburWilbur PropertiesMore Info
415-559-5557

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.