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
Property Details
Price:
$3,500,000
MLS #:
ML82053370
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Jul 8, 2026
Finished Sq Ft:
2,577
Total Sq Ft:
2,577
Lot Size:
10,500 sqft / 0.24 acres (approx)
Year Built:
1965
See this Listing
Schools
School District:
Palo Alto Unified
Interior
Cooling
NO
Heating
CF
Exterior
Accessibility Features
PK
Parking Spots
4
Parking Total
4
Roof
SHN
Financial
Maintenance Fee
$30,984
Taxes
$15,087
Map
Community
- Address1061 Alma ST Palo Alto CA
- CityPalo Alto
- CountySanta Clara
- Zip Code94301
Subdivisions in Palo Alto
Market Summary
Current real estate data for Single Family in Palo Alto as of Jul 10, 2026
60
Single Family Listed
44
Avg DOM
1,652
Avg $ / SqFt
$3,686,712
Avg List Price
Property Summary
- 1061 Alma ST Palo Alto CA is a Single Family for sale in Palo Alto, CA, 94301. It is listed for $3,500,000 and features 0 beds, 0 baths, and has approximately 2,577 square feet of living space, and was originally constructed in 1965. The current price per square foot is $1,358. The average price per square foot for Single Family listings in Palo Alto is $1,652. The average listing price for Single Family in Palo Alto is $3,686,712.
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1061 Alma ST
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