1751 Alma St - Apartments FOR SALE


Palo Alto, CA 94301- Old Palo Alto
$2,300,000 USD
650-492-0934
1751 Alma St, Palo Alto, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1751 Alma St
Palo Alto, CA 94301
Old Palo Alto


HIGHLIGHTS

  • Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at over $20 Million+
  • Desirable Unit Mix
  • Convenient Property Amenities
  • Prestigious Palo Alto School District

OVERVIEW

**You're Invited to Join Us at Our Open House This Thursday, July 16th, from 11 AM to 1 PM.** 1751 Alma St is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,988 square foot parcel of land, the subject property was originally constructed in 1951 and features a gross building area of approximately 1,716 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants at 1751 enjoy convenient amenities including air conditioning, in-unit W/D and private patios. Ideally positioned within walking distance of Stanford University, 1751 Alma St benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$1,299 USD /SF

# OF UNITS

3

PRICE/UNIT

$766,667

CAP RATE

Request Cap Rate

% 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

1951

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM2, Palo Alto

APN/PARCEL ID

124-17-078

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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

Adam LevinLevin JohnstonMore Info
650-492-0934

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