Palo Alto, CA 94301
$3,500,000
Bed
0
Bath
0
Living Space
2,577 SqFt
Year Built
1965
Lot Size
0.24 Acres
Days
97
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
Listing provided courtesy ofEphan Liu License 02155256 Wilbur Properties
Data provided by MLSListings Inc.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank G. Greene Jr. Middle School (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 1061 Alma Street, residents can access several parks. Rinconada Park, located at 777 Embarcadero Road, is a 19-acre urban park with a municipal pool, tennis courts, and picnic areas. El Palo Alto Park, situated at the corner of El Camino Real and Alma Street, is a smaller park preserving the historic "El Palo Alto" redwood tree. Mitchell Park, at 600 East Meadow Drive, offers a wide range of amenities including a playground, dog park, and sports fields.
The property is located in the Professorville neighborhood of Palo Alto. Palo Alto is known for its blend of small-town charm and innovation, with tree-lined streets and a strong emphasis on preserving open space. The community is enriched by its proximity to Stanford University, offering numerous cultural events and educational opportunities. The downtown area along University Avenue and California Avenue features a diverse array of local boutiques, coffee shops, and restaurants.
1061 Alma Street has a Walk Score of 58 out of 100, indicating that some errands can be accomplished on foot. The Transit Score is not explicitly listed, but the area is served by Caltrain, with the Palo Alto Station approximately 0.9 miles away. The Stanford Marguerite shuttle bus network and VTA buses also provide local transit options.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Addison Elementary School (Elementary) - GreatSchools rating 9/10 - Frank G. Greene Jr. Middle School (Middle) - GreatSchools rating 9/10 - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 1061 Alma Street, residents can access several parks. Rinconada Park, located at 777 Embarcadero Road, is a 19-acre urban park with a municipal pool, tennis courts, and picnic areas. El Palo Alto Park, situated at the corner of El Camino Real and Alma Street, is a smaller park preserving the historic "El Palo Alto" redwood tree. Mitchell Park, at 600 East Meadow Drive, offers a wide range of amenities including a playground, dog park, and sports fields.
The property is located in the Professorville neighborhood of Palo Alto. Palo Alto is known for its blend of small-town charm and innovation, with tree-lined streets and a strong emphasis on preserving open space. The community is enriched by its proximity to Stanford University, offering numerous cultural events and educational opportunities. The downtown area along University Avenue and California Avenue features a diverse array of local boutiques, coffee shops, and restaurants.
1061 Alma Street has a Walk Score of 58 out of 100, indicating that some errands can be accomplished on foot. The Transit Score is not explicitly listed, but the area is served by Caltrain, with the Palo Alto Station approximately 0.9 miles away. The Stanford Marguerite shuttle bus network and VTA buses also provide local transit options.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
