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0 Baths
2,577 sqft

$3,500,000

1061 Alma Street, Palo Alto CA, 94301

Price per sqft$1,358.17
Built in1965
Property size2,577 sqft
Property typeMulti-family

Overview

Active

Listed Jul 8, 2026

Updated 7 days ago

Located 5 minutes from downtown Palo Alto, 1061 Alma Street presents a rare and exceptionally well-situated investment opportunity. This prime fourplex offers stable cash flow with significant long-term appreciation potential in one of the world's most desirable real estate markets. The property features a highly functional layout with strong tenant appeal, making it an ideal addition to any investment portfolio or a perfect candidate for a 1031 exchange. Its distinct curb appeal, complete with a classic white picket fence and low-maintenance landscaping, stands out in a high-demand rental corridor Positioned just blocks from University Avenue, residents enjoy immediate access to world class dining, premier retail, and public transit. Proximity to Stanford University, major Silicon Valley tech campuses, and top-tier local schools ensures a consistent, high-quality tenant pool for years to come

$23,286/mo

Est. mortgage payment based on a $3,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
ML82053370

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.24 Acres

Other Property Details

Taxes
$15,087
Tax Frequency
Annually
Maintenance Expense
$30,984

Also listed on CLAW

Listed by Ephan Liu, Wilbur Properties, CA DRE 02155256

Listing Contact: 916-718-8267 

Based on information from the CRISNet MLS as of 10/15/2026, 5:53 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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