1645-1651 Alma ST, Palo Alto, CA 94301

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Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: Robert Johnston from Marcus & Millichap

Sold listing courtesy of Jimmy Castellanos from M&MKW

Sold Price
$3,205,000
List Price
$2,995,000
Closing Date
Oct 24, 2024
MLS#
ML81979614
Status
SOLD
Sqft. of Residence
4,336
Lot Size
10,000
Listing Area
Downtown Palo Alto
Year Built
1961

Property Description

1645-1651 Alma St represents a rare opportunity to acquire a 5-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. The property is situated on a large 10,000 square foot parcel of land with a gross building area of 4,336 square feet. The unit layouts feature a 1,000 square foot 2-bedroom single family house in front, with four (4) two-bedroom/one-bathroom floor plans in the rear. 1645-1651 Alma St is well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America. The investment appeal of this asset is driven by Palo Altos incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1645-1651 Alma St is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Additional Information

Acres
0.23
Age
63
Cooling System
None
Days On Market
Unknown
Foundation
Concrete Perimeter
Garage Parking
Carport
Heating System
Wall Furnace
Living Area
4,336
Lot Size
10,000
Neighborhood
Downtown Palo Alto
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Shingle
Sewer
Sewer Connected
Unincorporated Yn
Yes
Zoning
RM2

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Based on information from MLSListings MLS as of . 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.


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