1111 Alma Street, Palo Alto, California 94301, Palo Alto, 94301 - 3 bed, 2 bath
1111 Alma Street
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 1111 Alma Street, Palo Alto, California 94301 reveals a Fairly Priced Property with a current list price of $2,888,000 aligned with the estimated $2,846,505 Fair Market Value. This represents a stable investment opportunity at market rate. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 Alma Street Subject | $2,888,000* List Price | 3 | 2 | 1,107 | $2,571 | - |
A 1221 Hopkins Avenue Sold | $3,577,000 | 3 | 2 | 1,333 | $2,683 | 0.8 mi |
B 759 Cowper Street Sold | $3,008,000 | 2 | 1 | 1,400 | $2,149 | 0.5 mi |
C 671 Kingsley Avenue Sold | $2,100,000 | 2 | 1 | 912 | $2,303 | 0.6 mi |
D 560 Addison Avenue Sold | $2,800,000 | 2 | 2 | 1,276 | $2,194 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While originally built in 1923, the property has undergone significant renovations and is presented in move-in ready condition. The kitchen features modern stainless steel appliances, stone countertops, and updated cabinetry. Bathrooms have been modernized with contemporary tile work and fixtures. The interior boasts refinished hardwood floors, recessed lighting, and mini-split HVAC systems, indicating updated electrical and mechanical components. It meets the 'good' criteria as a well-maintained, updated vintage home that does not require immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Versatility
The unique compound configuration, featuring a split main residence and two detached auxiliary structures, offers rare flexibility for multigenerational living or significant rental income potential.
- Premier Location
Situated in the highly coveted 94301 zip code within the prestigious Palo Alto Unified School District, the property ensures long-term value and proximity to Silicon Valley's core.
- Strategic Investment Asset
The high-density, multi-unit layout on a 5,600 sqft lot represents a superior opportunity for investors looking to maximize yield in one of the world's most resilient real estate markets.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1107, other record living area = 936.
- Traffic Exposure
Located on Alma Street, a major Palo Alto thoroughfare, the property is subject to significant ambient traffic noise which may impact residential tranquility.
- Vintage Structure and Scale
Built in 1923 with a modest 1,107 square feet of living space, the property features a century-old structure and relatively compact interior dimensions that may require modernization.
About 1111 Alma Street
We are very pleased to present a truly unique residential compound that redefines the standard for flexible living in Palo Alto. The property features a 3-bedroom / 2-bathroom main residence, which has been walled off to create a 2-bedroom / 1-bathroom, and an attached 1-bedroom / 1-bathroom with it's own entrance. This is complemented by two additional detached structures. This rare configuration offers a level of versatility seldom found in the local market, making it an ideal acquisition for buyers looking to maximize both utility and long-term property value. The property's primary appeal lies in its versatility. The two auxiliary structures provide a turnkey solution for a variety of modern living needs, whether you are hosting a multigenerational family or seeking consistent rental income in a high-demand zip code. The ability to separate work, guest, and living spaces within a single lot offers a level of privacy and adaptability that is increasingly essential for the Silicon Valley lifestyle. This is more than a home; it is a strategic asset in one of the worlds most resilient real estate markets. By combining a prime location with a high-density, multi-unit layout, this property represents a premier opportunity for the discerning investor or homeowner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,600 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 45% |
| Square foot | 1,107 | 2,316 | 18% |
| Lot Size | 5,600 | 6,420 | 36% |
| Price | $2.89M | $4.28M | 18% |
| Price per sq ft | $2.6K | $2.2K | 73% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 156 | 3% |
Pricing History
Listed for Sale
Feb 26, 2026
$2,888,000
Initial Listing
Sold
Oct 31, 2022
$2,375,000
Public Record
Sold
Feb 25, 2016
$1,908,000
Public Record
Sold
Jun 1, 2006
$788,000
Public Record