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3553 Alma St
Palo Alto, CA 94306
3553 Alma Street · Multifamily Property For Sale
·
14 Units
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a well-situated asset located in the highly exclusive Palo Alto market.
- Desirable Unit Mix - The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
- Strong Renter's Market - 3553 Alma St benefits from its proximity to Stanford University, creating a strong demand and high prices for rental rates.
- Prime Palo Alto Location - 3553 Alma St is within close proximity to Stanford (2.0 miles) and Downtown Palo Alto (3.0 miles).
- Prestigious Palo Alto School District - The subject property is located in a continuously ranked number one public school district in California.
Property Facts
| No. Units | 14 | Building Size | 12,010 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Lot Size | 0.59 AC | ||
| Zoning | RMS, Palo Alto - Residential Development | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 12,010 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | RMS, Palo Alto - Residential Development |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Tub/Shower
- Handrails
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1.5 | 10 | - | - |
Property Taxes
| Parcel Number | 132-28-078 | Improvements Assessment | $1,470,000 |
| Land Assessment | $4,600,000 | Total Assessment | $6,070,000 |
Property Taxes
Parcel Number
132-28-078
Land Assessment
$4,600,000
Improvements Assessment
$1,470,000
Total Assessment
$6,070,000
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