1061 Alma Street, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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Palo Alto, California 94301
Analysis of 1061 Alma Street, Palo Alto, California 94301 is currently available with a list price of $3,500,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although built in 1965, the property shows signs of significant updates within the 5-15 year range. The kitchen features modern shaker-style cabinetry, stone countertops, and updated appliances. The exterior, roofing, and landscaping appear well-maintained and functional, making it move-in ready for tenants.
Situated just blocks from University Avenue and Stanford University, the property sits in a high-demand rental corridor with immediate access to world-class dining, retail, and major tech hubs.
The expansive 10,500 sqft lot provides rare scale for a Palo Alto multi-family property, offering potential for future expansion, ADU development, or long-term land value appreciation.
Zoned for the prestigious Palo Alto Unified School District, the property attracts a high-quality tenant pool and ensures strong asset value retention compared to other markets.
Built in 1965, the property may require significant capital expenditures for modernizing mechanical systems and interiors to remain competitive and achieve top-of-market rents.
With a list price of $3.5M for approximately 2,577 square feet, the high entry cost may result in a compressed initial cap rate, requiring a long-term hold strategy for investors.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,577 | - |
| Lot Size | 10,500 | - |
| Price | $3.50M | $2.89M |
| Price per sq ft | $1.4K | $1.7K |
| Built year | 1965 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 48 |
Jul 8, 2026
$3,500,000
Initial Listing
Oct 14, 1998
$745,000
Public Record