1061 Alma Street
Property Overview
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
Home Details
- Property type
- Residential Income - Quadruplex
- Year built
- 1965
- Living area
- 2,577 sq ft
- Lot size
- 10,500 sq ft
- Parking
- 4 spaces
- Carport
- 4 spaces
- Stories
- 1
- Days on market
- 11
- MLS status
- Active
- Zoning
- R1
Features & Amenities
Parking
- Covered
- Uncovered
Community, Schools & Utilities
Community
- Annual property tax
- $15,087
Schools
- School district
- Palo Alto Unified
Utilities
- Heating
- Central
- Cooling
- None
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 1061 Alma Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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