26092617 Alma Street,Palo Alto, CA 94306
Palo Alto, CA 94306
Description
Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.
Details
| MLS # | ML82049055 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1951 |
| Days On Site | 87 |
| Listing Provided By | Compass | Matthew Thomson |
Features
| SQ Feet | 2,232 |
|---|---|
| Car Port | Yes |
| Building(s) | 2 |
| Zoning | RM3 |
| Acreage | 0.19 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Slab |
Parking
| Parking Features | Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Public Sewer |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94306 |
| Area | 699 Not Defined |
| Listing VS Median (in 94306) | |
Price: $2,500,000 low | high Med: $3,895,000 sqft: 2,232 low | high Med: 3,298 $ / sqft: $1,120 low | high Med: $1,181 On site: 87 low | high Med: 61.5 | |
Market Activity 94306
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | Palo Alto |
| Zip Code | 94306 |
| Area | 699 Not Defined |
| Listing VS Median (in 94306) | |
Price: $2,500,000 low | high Med: $3,895,000 sqft: 2,232 low | high Med: 3,298 $ / sqft: $1,120 low | high Med: $1,181 On site: 87 low | high Med: 61.5 | |