For sale

$2,300,000

1751 Alma St, Palo Alto, CA 94301

--beds

--baths

1,716sqft

$15,724/mo

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Triplex, Residential Income

Built in 1951

-- sqft lot

$-- Zestimate^®

$1,340/sqft

$-- HOA

What's special

1751 Alma St is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,988-square-foot parcel of land, the subject property was originally constructed in 1951 and features a gross building area of approximately 1,716 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants at 1751 enjoy convenient amenities, including air conditioning, in-unit W/D, and private patios. Additionally, 1751 Alma St offers tenants convenient property amenities, including gated access and private garage parking with attic space. The investment appeal of this property is driven by Palo Alto's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1751 Alma St presents an attractive choice for renters due to its close proximity to prestigious schools, major employers, shopping, dining, and entertainment options.

19 days

659

33

Facts & features

Interior

Heating

Wall Furnace

Cooling

Ceiling Fan(s)

Features

Doors: None

Interior area

Total structure area: 1,716
Total interior livable area: 1,716 sqft

Property

Parking

Total spaces: 3
Parking features: Detached
Garage spaces: 3
Has carport: Yes

Accessibility

Accessibility features: None

Lot

Size: 6,998 Square Feet

Details

Parcel number: 12417078
Zoning: RM2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex, Residential Income

Materials

Foundation: Slab
Roof: Composition

Condition

Year built: 1951

Utilities & green energy

Gas: IndividualGasMeters
Sewer: Public Sewer
Water: Public
Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters

Community & HOA

Location

Region: Palo Alto

Financial & listing details

Price per square foot: $1,340/sqft
Tax assessed value: $2,403,692
Annual tax amount: $28,683
Date on market: 7/9/2026
Listing agreement: ExclusiveRightToSell
Inclusions: Building, Land
Lease term: Month To Month

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/10/2026	Listed for sale	$2,300,000+15%$1,340/sqft
Source: MLSListings Inc #ML82053765 Report a problem
11/6/2024	Listing removed	$2,795$2/sqft
Source: Zillow Rentals Report a problem
10/29/2024	Price change	$2,795-8.4%$2/sqft
Source: Zillow Rentals Report a problem
10/22/2024	Listed for rent	$3,050$2/sqft
Source: Zillow Rentals Report a problem
7/10/2014	Sold	$2,000,000+72%$1,166/sqft
Source: Public Record Report a problem
6/1/2006	Sold	$1,162,500+168.8%$677/sqft
Source: Public Record Report a problem
9/2/1998	Sold	$432,500+42.7%$252/sqft
Source: Public Record Report a problem
10/21/1993	Sold	$303,000$177/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$29,928 +4.3%	$2,403,692 +2%
2024	$28,705 +1.5%	$2,356,561 +2%
2023	$28,283 +1.2%	$2,310,355 +2%
2022	$27,955 +2%	$2,265,055 +2%
2021	$27,405 +2.1%	$2,220,643 +1%
2020	$26,841	$2,197,874 +2%
2019	$26,841 +4%	$2,154,779 +2%
2018	$25,818	$2,112,529 +2%
2017	$25,818 +1.8%	$2,071,108 +2%
2016	$25,366	$2,030,499 +1.5%
2015	--	$2,000,000 +80.2%
2014	--	$1,110,016 -16.8%
2013	--	$1,334,009 +2%
2012	--	$1,307,855 +2%
2011	--	$1,282,212 +0.8%
2010	--	$1,272,630 +3.2%
2009	--	$1,233,654 +2%
2008	--	$1,209,465 +2%
2007	--	$1,185,750 +139%
2006	--	$496,155 +2%
2005	--	$486,428 +2%
2004	--	$476,891 +1.9%
2003	--	$468,151 +2%
2002	--	$458,972 +2%
2001	--	$449,973

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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: Old Palo Alto

Getting around

62 / 100

Somewhat Walkable

46 / 100

Some Transit

100 / 100

Biker's Paradise

Nearby schools

GreatSchools rating

9/10
Walter Hays Elementary School
Grades: K-5Distance: 0.7 mi
9/10
Frank S. Greene Jr. Middle
Grades: 6-8Distance: 0.8 mi
10/10
Palo Alto High School
Grades: 9-12Distance: 0.6 mi

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.