1751 Alma Street, Palo Alto, California 94301, Palo Alto, 94301 - 0 bed, 0 bath
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Palo Alto, California 94301
This Triplex Multifamily Asset is a High-Potential Investment Opportunity, listed at $2,300,000—positioned well above the $2,174,905 Fair Market Value by 5%. While priced at a premium, the property features a Good Condition Rating with modern mini-split HVAC and in-unit laundry, ensuring immediate rental appeal. Located in the Palo Alto Unified School District near top-rated schools like Palo Alto High (9/10), this asset benefits from Silicon Valley’s resilient demand. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-generating property.
Property is move-in ready.
Despite the 1951 build date, the property has undergone significant updates including modern mini-split HVAC systems, updated laminate flooring, and neutral interior paint. The units are well-maintained, functional, and move-in ready, fitting the 5-15 year renovation profile for a 'Good' rating.
High School: Palo Alto High School (9/10).
Situated in the heart of Palo Alto with access to top-tier schools like Palo Alto High, this property benefits from exceptionally strong rental demand and long-term appreciation potential.
The inclusion of air conditioning, in-unit washer/dryers, and private garages with attic storage sets this triplex apart from older stock, allowing for premium rental rates.
Originally built in 1951, the property may require ongoing capital expenditures for deferred maintenance or infrastructure updates common in older structures.
At approximately 1,716 total square feet for three units, the individual floor plans are relatively compact, which may limit appeal for tenants seeking more spacious suburban living.
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. Additionally, 1751 Alma St offers tenants convenient property amenities, including gated access and private garage parking with attic space. The investment appeal of this property is driven by Palo Alto's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1751 Alma St presents an attractive choice for renters due to its close proximity to prestigious schools, major employers, shopping, dining, and entertainment options.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,716 | - |
| Lot Size | 6,998 | - |
| Price | $2.30M | $2.89M |
| Price per sq ft | $1.3K | $1.7K |
| Built year | 1951 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 48 |
Jul 9, 2026
$2,300,000
Initial Listing
Jul 10, 2014
$2,000,000
Public Record
Jun 1, 2006
$1,162,500
Public Record
Sep 2, 1998
$432,500
Public Record
Oct 21, 1993
$303,000
Public Record