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Sold for $6,070,000
  • $6,070,000

    Alma Paloalto, Palo Alto, CA 94306

    3beds
    3baths
    12,010sqft
    Five Or More Units, Residential Income
    Built in 1964
    -- sqft lot
    $6,178,900 Zestimate®
    $505/sqft
    $5,112 Estimated rent

    Home value

    $6,178,900

    $5.38M - $7.04M

    $5,112/mo

    Zestimate® history
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    $5,112/mo

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    $5,112/mo

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    $38,598/mo

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    $38,598/mo

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    What's special

    3553 Alma St. represents a rare opportunity to acquire a 14-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. Originally built in 1964, the property is situated on a 25,625 square foot parcel of land with a gross building area of 12,010 square feet. The asset features an ideal unit makeup, including eleven (10) 2-bed/1.5-bath townhomes and four (4) 1-bed/1-bath flats. The asset offers residents close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony, as well as many others. Palo Alto is also home to a myriad of high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others. With a world-class location in the heart of Silicon Valley, 3553 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:

    Eymon Binesh, 02060059

    Marcus & Millichap

    Source: MLSListings Inc,MLS#: ML81979611MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Laundry: Coin Operated
    Features
    • Doors: None
    Interior area
    • Total structure area: 12,010
    • Total interior livable area: 12,010 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Attached, Carport
    • Garage spaces: 7
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 0.59 Acres
    Details
    • Parcel number: 13228078
    • Zoning: RM3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Slab
    • Roof: Wood
    Condition
    • Year built: 1964

    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: $505/sqft
    • Date on market: 9/9/2024
    • Listing agreement: ExclusiveRightToSell
    • Lease term: Month To Month

    Price history

    DateEventPrice
    12/18/2024Sold$6,070,000-13.1%$505/sqft
    Source: MLSListings Inc #ML81979611 Report a problem
    10/22/2024Pending sale$6,988,000$582/sqft
    Source: MLSListings Inc #ML81979611 Report a problem
    10/10/2024Contingent$6,988,000$582/sqft
    Source: MLSListings Inc #ML81979611 Report a problem
    9/9/2024Listed for sale$6,988,000$582/sqft
    Source: MLSListings Inc #ML81979611 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Barron Park

    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
    $6,178,900
    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
    $6,178,900