Skip main navigation
For sale
  • $2,698,000

    1111 Alma St, Palo Alto, CA 94301

    3beds
    1,107sqft
    : 
    $18,128/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1923
    5,600 Square Feet Lot
    $2,670,500 Zestimate®
    $2,437/sqft
    $-- HOA

    What's special

    We are very pleased to present a truly unique residential compound that redefines the standard for flexible living in Palo Alto. The property features a 3-bedroom / 2-bathroom main residence, which has been walled off to create a 2-bedroom / 1-bathroom, and an attached 1-bedroom / 1-bathroom with it's own entrance. This is complemented by two additional detached structures. This rare configuration offers a level of versatility seldom found in the local market, making it an ideal acquisition for buyers looking to maximize both utility and long-term property value. The property's primary appeal lies in its versatility. The two auxiliary structures provide a turnkey solution for a variety of modern living needs, whether you are hosting a multigenerational family or seeking consistent rental income in a high-demand zip code. The ability to separate work, guest, and living spaces within a single lot offers a level of privacy and adaptability that is increasingly essential for the Silicon Valley lifestyle. This is more than a home; it is a strategic asset in one of the worlds most resilient real estate markets. By combining a prime location with a high-density, multi-unit layout, this property represents a premier opportunity for the discerning investor or homeowner.
    11 days
    1,695
    54

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Eltherington 02003788 650-492-0088,

    Midtown Realty 650-321-1596

    Source: MLSListings Inc,MLS#: ML82063935MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Bedroom
      • Features: WalkinCloset
      Bathroom
      • Features: ShowerandTub, Skylight, TubinPrimaryBedroom, UpdatedBaths
      Dining room
      • Features: DiningFamilyCombo, NoFormalDiningRoom
      Family room
      • Features: KitchenFamilyRoomCombo
      Heating
      • Central Forced Air Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Range Hood, Oven/Range, Refrigerator, Washer/Dryer
      • Laundry: Inside
      Features
      • One Or More Skylights
      • Flooring: Hardwood
      Interior area
      • Total structure area: 1,107
      • Total interior livable area: 1,107 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Electric Vehicle Charging Station(s)
      Features
      • Stories: 1
      • Patio & porch: Deck
      • Exterior features: Fenced, Storage Shed Structure, Courtyard
      Lot
      • Size: 5,600 Square Feet
      Details
      • Parcel number: 12030043
      • Zoning: R1
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Foundation: Concrete Perimeter, Crawl Space
      • Roof: Composition, Shingle
      Condition
      • New construction: No
      • Year built: 1923

      Utilities & green energy

      • Gas: PublicUtilities
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public Utilities, Water Public

      Community & HOA

      Location
      • Region: Palo Alto

      Financial & listing details

      • Price per square foot: $2,437/sqft
      • Tax assessed value: $2,520,369
      • Date on market: 10/8/2026
      • Listing agreement: ExclusiveRightToSell

        Estimated market value

        $2,670,500

        $2.54M - $2.80M

        $6,340/mo

        Price history

        DateEventPrice
        10/8/2026Listed for sale$2,698,000+13.6%$2,437/sqft
        Source: MLSListings Inc #ML82063935 Report a problem
        10/31/2022Sold$2,375,000+3.8%$2,145/sqft
        Source: Public Record Report a problem
        9/22/2022Listed for sale$2,288,000-8.4%$2,067/sqft
        Source: MLSListings Inc #ML81908162 Report a problem
        7/19/2022Listing removed--
        Source: MLSListings Inc #ML81888095 Report a problem
        4/21/2022Listed for sale$2,498,000+30.9%$2,257/sqft
        Source: MLSListings Inc #ML81888095 Report a problem
        2/16/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        1/28/2021Price change$5,700+25.3%$5/sqft
        Source: Zillow Rental Manager Report a problem
        1/14/2021Price change$4,550-4.2%$4/sqft
        Source: Zillow Rental Manager Report a problem
        12/8/2020Price change$4,750-4%$4/sqft
        Source: Zillow Rental Manager Report a problem
        12/3/2020Listed for rent$4,950-35.7%$4/sqft
        Source: Zillow Rental Manager Report a problem
        4/22/2016Listing removed$7,700$7/sqft
        Source: RentLingo Report a problem
        3/15/2016Price change$7,700+4.8%$7/sqft
        Source: RentLingo Report a problem
        2/25/2016Sold$1,908,000+124.7%$1,724/sqft
        Source: Public Record Report a problem
        2/21/2016Price change$7,350-4.5%$7/sqft
        Source: RentLingo Report a problem
        1/18/2016Price change$7,700+7.7%$7/sqft
        Source: RentLingo Report a problem
        1/7/2016Listed for rent$7,150$6/sqft
        Source: RentLingo Report a problem
        12/19/2010Listing removed$849,000$767/sqft
        Source: NRT California #81027426 Report a problem
        6/4/2010Listed for sale$849,000-5.7%$767/sqft
        Source: NRT California #81027426 Report a problem
        6/9/2009Listing removed$900,000$813/sqft
        Source: Alain Pinel Realtors #80806848 Report a problem
        9/26/2008Price change$900,000+5.9%$813/sqft
        Source: Alain Pinel Realtors #80806848 Report a problem
        7/19/2008Price change$850,000-3.3%$768/sqft
        Source: Alain Pinel Realtors #80806848 Report a problem
        6/25/2008Price change$879,000-1.8%$794/sqft
        Source: Alain Pinel Realtors #80806848 Report a problem
        6/13/2008Listed for sale$895,000+13.6%$808/sqft
        Source: Alain Pinel Realtors #80806848 Report a problem
        6/1/2006Sold$788,000$712/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $2,520,369 +2%
        2025$30,723 +4.3%$2,470,950 +2%
        2024$29,466 +1.5%$2,422,500 +2%
        2023$29,033 +10.7%$2,375,000 +11.6%
        2022$26,233 +2%$2,128,406 +2%
        2021$25,715 +2.1%$2,086,673 +1%
        2020$25,185 $2,065,278 +2%
        2019$25,185 +4%$2,024,783 +2%
        2018$24,223 $1,985,082 +2%
        2017$24,223 +1.8%$1,946,160 +107.6%
        2016$23,797 +103.8%$937,564 +2.3%
        2015$11,675 +8.4%$916,468 +8.3%
        2014$10,766 $846,486 +0.5%
        2013-- $842,662 +2%
        2012-- $826,140 +2%
        2011-- $809,942 +0.8%
        2010-- $803,889 +10.9%
        2009-- $725,100 -11.6%
        2008-- $819,835 +2%
        2007-- $803,760 +1850.1%
        2006-- $41,217 +2%
        2005-- $40,410 +2%
        2004-- $39,618 +1.9%
        2003-- $38,892 +2%
        2002-- $38,130 +2%
        2001-- $37,383
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Professorville

        Getting around

        67 / 100
        Somewhat Walkable
        42 / 100
        Some Transit
        87 / 100
        Very Bikeable

        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts