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Sold for $3,205,000
  • $3,205,000

    Alma Paloalto, Palo Alto, CA 94301

    2beds
    1baths
    4,336sqft
    Five Or More Units, Residential Income
    Built in 1961
    -- sqft lot
    $3,303,700 Zestimate®
    $739/sqft
    $4,049 Estimated rent

    Home value

    $3,303,700

    $2.87M - $3.83M

    $4,049/mo

    Zestimate® history
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    $4,049/mo

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    $20,444/mo

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    $20,444/mo

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    What's special

    1645-1651 Alma St represents a rare opportunity to acquire a 5-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. The property is situated on a large 10,000 square foot parcel of land with a gross building area of 4,336 square feet. The unit layouts feature a 1,000 square foot 2-bedroom single family house in front, with four (4) two-bedroom/one-bathroom floor plans in the rear. 1645-1651 Alma St is well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America. The investment appeal of this asset is driven by Palo Altos incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1645-1651 Alma St is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

    Zillow last checked:

    Listing updated:

    Listed by:

    Eymon Binesh 02060059 650-546-1030,

    Marcus & Millichap 650-391-1700,

    Robert Johnston 01853816 510-304-8077

    Bought with:

    Jimmy Castellanos, 02024152

    Marcus & Millichap

    Source: MLSListings Inc,MLS#: ML81979614MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Wall Furnace
    Cooling
    • None
    Features
    • Doors: None
    Interior area
    • Total structure area: 4,336
    • Total interior livable area: 4,336 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    • Garage spaces: 2
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 9,975 Square Feet
    Details
    • Parcel number: 12417037
    • Zoning: RM2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • Year built: 1961

    Utilities & green energy

    • Gas: IndividualGasMeters
    • Water: Public
    • Utilities for property: Water Public

    Community & HOA

    Location
    • Region: Palo Alto

    Financial & listing details

    • Price per square foot: $739/sqft
    • Date on market: 9/9/2024
    • Listing agreement: ExclusiveRightToSell
    • Lease term: Month To Month

    Price history

    DateEventPrice
    10/24/2024Sold$3,205,000+7%$739/sqft
    Source: MLSListings Inc #ML81979614 Report a problem
    9/9/2024Listed for sale$2,995,000$691/sqft
    Source: MLSListings Inc #ML81979614 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Professorville

    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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    Estimated market value
    $3,303,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,303,700