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1751 Alma St 3 Unit Apartment Building $2,300,000 ($766,667/Unit) Palo Alto, CA 94301
Investment Highlights
- Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at over $20 Million+
- Convenient Property Amenities
- Desirable Unit Mix
- Prestigious Palo Alto School District
Executive Summary
**You're Invited to Join Us at Our Open House This Thursday, July 16th, from 11 AM to 1 PM.**
1751 Alma St is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,988 square foot parcel of land, the subject property was originally constructed in 1951 and features a gross building area of approximately 1,716 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants at 1751 enjoy convenient amenities including air conditioning, in-unit W/D and private patios. Ideally positioned within walking distance of Stanford University, 1751 Alma St benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.
1751 Alma St is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,988 square foot parcel of land, the subject property was originally constructed in 1951 and features a gross building area of approximately 1,716 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants at 1751 enjoy convenient amenities including air conditioning, in-unit W/D and private patios. Ideally positioned within walking distance of Stanford University, 1751 Alma St benefits from Palo Alto's exceptionally strong rental market, high demand, and premium rental rates. Known for its historic neighborhoods, vibrant shopping, dining, entertainment, and cultural attractions, Palo Alto was recently ranked #6 on Livability's "Top 100 Best Places to Live" in America. The investment appeal is further strengthened by the city's strong employment base, low vacancy rates, and prime Silicon Valley location, providing residents with convenient access to prestigious schools, major employers, and an abundance of lifestyle amenities.
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Property Facts
| Price | $2,300,000 | Building Class | C |
| Price Per Unit | $766,667 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,716 SF |
| No. Units | 3 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1951 |
| Apartment Style | Low-Rise | Parking Ratio | 1.75/1,000 SF |
| Zoning | RM2, Palo Alto | ||
| Price | $2,300,000 |
| Price Per Unit | $766,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 1,716 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | RM2, Palo Alto |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 124-17-078 | Improvements Assessment | $60,089 |
| Land Assessment | $2,343,603 | Total Assessment | $2,403,692 |
Property Taxes
Parcel Number
124-17-078
Land Assessment
$2,343,603
Improvements Assessment
$60,089
Total Assessment
$2,403,692
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