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1061 Alma St , Palo Alto, CA 94301
$3,500,000
Est. Payment: $18,692.45/mo
4 Bed
0 Bath
2577 Sqft
Status: Active | Days on site: 25
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ML37687 - ML5109056
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Chris Heller
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House Description

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
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Highlights

Listed by Ephan Liu , 916-718-8267 Wilbur Properties , 650-847-3800. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.24

Year Built

1965

County

Santa Clara

Area

699 - Not Defined

 School District

Palo Alto Unified

Listing ID

ML82053370

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:

Exterior Features

Lot:No Land Lease
Garage Capacity:4
Zoning:R1
Roof:Shingle
Sewer:Public Sewer
Parking Features:Covered,Uncovered
Principal Interest
$18,692
Taxes
$1,257

Home Price

$3,500,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$700,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$18,692.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $18,692.45 $1,257.25 $0.00 $19,949.70
Yearly $224,309.40 $15,087.00 $0.00 $239,396.40
Total $6,729,281.88 $452,610.00 $0.00 $7,181,891.88

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

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Market insight data is pulled from the same city as the listing being viewed (Palo Alto, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T05:04:10.000Z

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