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.
For sale
$2,698,000
1111 Alma St, Palo Alto, CA 94301
3beds
1,107sqft
Single Family Residence, Residential
Built in 1923
5,600 Square Feet Lot
$2,670,500 Zestimate®
$2,437/sqft
$-- HOA
What's special
- 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#: ML82063935
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
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Listed for sale | $2,698,000+13.6%$2,437/sqft |
Source: | ||
| 10/31/2022 | Sold | $2,375,000+3.8%$2,145/sqft |
Source: Public Record Report a problem | ||
| 9/22/2022 | Listed for sale | $2,288,000-8.4%$2,067/sqft |
Source: | ||
| 7/19/2022 | Listing removed | -- |
Source: | ||
| 4/21/2022 | Listed for sale | $2,498,000+30.9%$2,257/sqft |
Source: | ||
| 2/16/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/28/2021 | Price change | $5,700+25.3%$5/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 1/14/2021 | Price change | $4,550-4.2%$4/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/8/2020 | Price change | $4,750-4%$4/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 12/3/2020 | Listed for rent | $4,950-35.7%$4/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/22/2016 | Listing removed | $7,700$7/sqft |
Source: RentLingo Report a problem | ||
| 3/15/2016 | Price change | $7,700+4.8%$7/sqft |
Source: RentLingo Report a problem | ||
| 2/25/2016 | Sold | $1,908,000+124.7%$1,724/sqft |
Source: Public Record Report a problem | ||
| 2/21/2016 | Price change | $7,350-4.5%$7/sqft |
Source: RentLingo Report a problem | ||
| 1/18/2016 | Price change | $7,700+7.7%$7/sqft |
Source: RentLingo Report a problem | ||
| 1/7/2016 | Listed for rent | $7,150$6/sqft |
Source: RentLingo Report a problem | ||
| 12/19/2010 | Listing removed | $849,000$767/sqft |
Source: NRT California #81027426 Report a problem | ||
| 6/4/2010 | Listed for sale | $849,000-5.7%$767/sqft |
Source: NRT California #81027426 Report a problem | ||
| 6/9/2009 | Listing removed | $900,000$813/sqft |
Source: Alain Pinel Realtors #80806848 Report a problem | ||
| 9/26/2008 | Price change | $900,000+5.9%$813/sqft |
Source: Alain Pinel Realtors #80806848 Report a problem | ||
| 7/19/2008 | Price change | $850,000-3.3%$768/sqft |
Source: Alain Pinel Realtors #80806848 Report a problem | ||
| 6/25/2008 | Price change | $879,000-1.8%$794/sqft |
Source: Alain Pinel Realtors #80806848 Report a problem | ||
| 6/13/2008 | Listed for sale | $895,000+13.6%$808/sqft |
Source: Alain Pinel Realtors #80806848 Report a problem | ||
| 6/1/2006 | Sold | $788,000$712/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Neighborhood: Professorville
Nearby schools
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.






