1061 Alma Street Palo Alto, CA ^$ 3,500,000

1061 Alma Street

^$ 3,500,000

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Recently Listed

Open House 7/11 1pm - 4pm

1061 Alma Street

Palo Alto, CA, 94301

^$ 3,500,000

Studio Baths0.0 Sq 2,577

Monthly Estimate*

^$ 22,099

Listed by Wilbur Properties

1061 Alma Street, Palo Alto, CA 94301 - Image 1

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1061 Alma Street, Palo Alto, CA 94301 - Image 8

1061 Alma Street, Palo Alto, CA 94301 - Image 9

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Studio

Multi-Family Home for sale in Palo Alto, CA

for $3,500,000. This 2,577 square foot home was built in 1965 on a lot size of 0.241.

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

Open House

7/11/2026 1:00 PM - 4:00 PM

7/12/2026 1:00 PM - 4:00 PM

1061 Alma Street Palo Alto, CA

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 15,087

Style

Lot Size

0.241

Year Built

1965

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82053370

Days on Market

Features

General

Living Area 2577

Sewer Public Sewer

Heating Central

Cooling None

Roof Shingle

Zoning R1

Garage Spaces 0

Year Built 1965

Property Subtype Quadruplex

Accessibility Parking

County Santa Clara

Insurance Expense 4500

Property Type Residential Income

HOA false

MaintenanceExpense 30984

Garage Y/N false

Special Listing Conditions Standard

Status Active

City Palo Alto

High School District Palo Alto Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 10500

Carport Spaces 4

Carport Y/N true

Tax Annual Amount 15087

Trash Expense 1001

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Quadruplex

Cap Rate 1.55

Interior

Total Stories 1

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Covered Uncovered

Total Parking 4

Lot Size Area 10500

Foundation Details Slab

Number of Buildings 1

Building Area Total 2577

Lot Size Acres 0.241

Lot Size Source Assessor

* Excluded Features

List By

Wilbur Properties

Broker

ephanrealtor@gmail.com

Affordability Calculator

$23,357

Per Month

Monthly Principal & Interest: $22,099
Monthly Property Taxes: $1,257
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Palo Alto, CA

Average List Price ^$3,124,565

Percent of Sale Price 11%

About Palo Alto, CA

68,781 Population

15% Since 2002

^$143,744 Median Income

43.54 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/8/2026	$3,500,000		Listed Price

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1061 Alma Street, Palo Alto, CA, 94301 is a Multi-Family Home for sale at $3,500,000 with 2,577 sqft and a lot size of 0.241. 1061 Alma Street is a studio with 0.0 baths and was built in 1965. The property's zip code is 94301 which is in Palo Alto, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 7/9/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1061 Alma Street

Multi-Family Home for sale in Palo Alto, CA

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