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
84
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 S. Greene Jr. Middle (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, several parks offer recreational opportunities. Rinconada Park, a large 19-acre park, features a community pool, sports courts, and playgrounds. Mitchell Park, another significant green space, provides athletic fields, tennis courts, playgrounds, and a dog run. Additionally, Bowling Green Park offers a lawn bowling area.
The property is located in the Old Palo Alto neighborhood. This area is characterized by its proximity to downtown Palo Alto, offering residents easy access to world-class dining, premier retail, and public transit. The neighborhood is also close to Stanford University and major Silicon Valley tech campuses, contributing to a consistent tenant pool.
This location has a Walk Score of 58 out of 100 and a Transit Score of 30 out of 100. Some errands can be accomplished on foot, and there are some nearby public transportation options. Verified transit routes include VTA bus lines such as the 21 and 89, as well as Caltrain rail lines.
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 S. Greene Jr. Middle (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, several parks offer recreational opportunities. Rinconada Park, a large 19-acre park, features a community pool, sports courts, and playgrounds. Mitchell Park, another significant green space, provides athletic fields, tennis courts, playgrounds, and a dog run. Additionally, Bowling Green Park offers a lawn bowling area.
The property is located in the Old Palo Alto neighborhood. This area is characterized by its proximity to downtown Palo Alto, offering residents easy access to world-class dining, premier retail, and public transit. The neighborhood is also close to Stanford University and major Silicon Valley tech campuses, contributing to a consistent tenant pool.
This location has a Walk Score of 58 out of 100 and a Transit Score of 30 out of 100. Some errands can be accomplished on foot, and there are some nearby public transportation options. Verified transit routes include VTA bus lines such as the 21 and 89, as well as Caltrain rail lines.
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.
