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For sale
    • $3,500,000

    1061 Alma St, Palo Alto, CA 94301

    4beds
    4baths
    2,577sqft
    : 
    $23,945/mo
    Get pre-qualified
    Quadruplex, Residential Income
    Built in 1965
    -- sqft lot
    $3,589,600 Zestimate®
    $1,358/sqft
    $-- HOA

    What's special

    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
    20 days
    |
    865
    |
    31
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ephan Liu 02155256 650-741-1466,

    Wilbur Properties 650-847-3800

    Source: MLSListings Inc,MLS#: ML82053370MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Central Forced Air
      Cooling
      • None
      Interior area
      • Total structure area: 2,577
      • Total interior livable area: 2,577 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: Assigned, Covered
      • Carport spaces: 4
      Accessibility
      • Accessibility features: Parking
      Features
      • Stories: 1
      Lot
      • Size: 10,500 Square Feet
      Details
      • Parcel number: 12030045
      • Zoning: R1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex, Residential Income
      Materials
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Year built: 1965

      Utilities & green energy

      • Gas: AvailableNotOnSite
      • Sewer: Public Sewer
      • Utilities for property: Available Not On Site

      Community & HOA

      Location
      • Region: Palo Alto

      Financial & listing details

      • Price per square foot: $1,358/sqft
      • Tax assessed value: $1,167,935
      • Annual tax amount: $15,087
      • Date on market: 7/8/2026
      • Listing agreement: ExclusiveAgency
      • Inclusions: Building, DishwasherAllUnits, ExistingSigns, Land, OvenRangeAllUnits
      • Lease term: Month To Month

        Estimated market value

        $3,589,600

        $3.41M - $3.84M

        $5,266/mo

        Price history

        DateEventPrice
        7/8/2026Listed for sale$3,500,000-36.4%$1,358/sqft
        Source: MLSListings Inc #ML82053370 Report a problem
        10/4/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        9/29/2022Price change$3,150-11.9%$1/sqft
        Source: Zillow Rental Manager Report a problem
        9/12/2022Listed for rent$3,575-5.9%$1/sqft
        Source: Zillow Rental Manager Report a problem
        8/23/2022Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        7/15/2022Listed for rent$3,800+18.8%$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        6/27/2022Listing removed--
        Source: MLSListings Inc #ML81869608 Report a problem
        4/19/2022Price change$5,500,000-7.6%$2,134/sqft
        Source: MLSListings Inc #ML81869608 Report a problem
        1/10/2022Price change$5,950,000-4.8%$2,309/sqft
        Source: MLSListings Inc #ML81869608 Report a problem
        11/9/2021Listed for sale$6,250,000+738.9%$2,425/sqft
        Source: MLSListings Inc #ML81869608 Report a problem
        2/24/2021Listing removed--
        Source: Zillow Rental Network Premium Report a problem
        11/23/2020Listed for rent$3,200$1/sqft
        Source: Zillow Rental Network Premium Report a problem
        10/14/1998Sold$745,000$289/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,087 +4.2%$1,167,935 +2%
        2024$14,482 +1.5%$1,145,035 +2%
        2023$14,267 +1.2%$1,122,584 +2%
        2022$14,096 +2%$1,100,573 +2%
        2021$13,818 +2%$1,078,994 +1%
        2020$13,544 $1,067,931 +2%
        2019$13,544 +3.9%$1,046,992 +2%
        2018$13,036 $1,026,464 +2%
        2017$13,036 +1.8%$1,006,338 +2%
        2016$12,807 +3.8%$986,607 +1.5%
        2015$12,343 +2.5%$971,788 +2%
        2014$12,040 $952,753 +0.5%
        2013-- $948,448 +2%
        2012-- $929,852 +2%
        2011-- $911,621 +0.8%
        2010-- $904,808 -0.2%
        2009-- $906,959 +2%
        2008-- $889,176 +2%
        2007-- $871,742 +2%
        2006-- $854,650 +2%
        2005-- $837,893 +2%
        2004-- $821,465 +1.9%
        2003-- $806,410 +2%
        2002-- $790,599 +2%
        2001-- $775,098
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: University South

        Getting around

        91 / 100
        Walker's Paradise
        52 / 100
        Good Transit
        100 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: PaloAltoUnified

        Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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