Palo Alto, CA 94306
$2,500,000
Bed
0
Bath
0
Living Space
2,232 SqFt
Year Built
1951
Lot Size
8,070 SqFt
Days
92
Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.
Listing provided courtesy ofMatthew Thomson License 01471708 Compass, Bryan Danforth License 01789680 Compass
Data provided by MLSListings Inc.
- El Carmelo Elementary School (Elementary) - GreatSchools rating not listed - Jane Lathrop Stanford Middle School (Middle) - GreatSchools rating not listed - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 2609-2617 Alma Palo Alto, CA, several parks are available. These include Boulware Park, Hoover Park, Sarah Wallis Park, Jerry Bowden Park, Mitchell Park, and Greer Park. Mitchell Park offers a playground, tennis courts, and a community center, while Greer Park features walking trails, sports fields, and a skate park.
The property is located in the Ventura neighborhood of Palo Alto. This area is characterized by its proximity to California Avenue, which serves as a historic shopping district with numerous retail, dining, and professional services. The neighborhood is also close to Stanford University, offering access to its cultural and recreational attractions.
This location has a Walk Score of 77 out of 100, indicating it is Very Walkable, meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed, but there are several nearby transit options. These include bus lines such as the 22 Palo Alto TC - Eastridge and Express 104 Milpitas BART - Stanford Research Park, as well as Caltrain service from the California Avenue station.
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.
- El Carmelo Elementary School (Elementary) - GreatSchools rating not listed - Jane Lathrop Stanford Middle School (Middle) - GreatSchools rating not listed - Palo Alto High School (High) - GreatSchools rating 10/10 School District: Palo Alto Unified School District
Within a 1-2 mile radius of 2609-2617 Alma Palo Alto, CA, several parks are available. These include Boulware Park, Hoover Park, Sarah Wallis Park, Jerry Bowden Park, Mitchell Park, and Greer Park. Mitchell Park offers a playground, tennis courts, and a community center, while Greer Park features walking trails, sports fields, and a skate park.
The property is located in the Ventura neighborhood of Palo Alto. This area is characterized by its proximity to California Avenue, which serves as a historic shopping district with numerous retail, dining, and professional services. The neighborhood is also close to Stanford University, offering access to its cultural and recreational attractions.
This location has a Walk Score of 77 out of 100, indicating it is Very Walkable, meaning most errands can be accomplished on foot. The Transit Score is not explicitly listed, but there are several nearby transit options. These include bus lines such as the 22 Palo Alto TC - Eastridge and Express 104 Milpitas BART - Stanford Research Park, as well as Caltrain service from the California Avenue station.
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.
