1061 Alma Street Palo Alto, CA $ 3,500,000
1061 Alma Street
$ 3,500,000
Recently Listed
Open House 7/11 1pm - 4pm
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1061 Alma Street

Palo Alto, CA, 94301
$ 3,500,000
Bedrooms4 Baths0.0 Sq 2,577

Monthly Estimate*

$ 22,099

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Multi-Family Home for sale in Palo Alto, CA

for $3,500,000 with 4 bedrooms. 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

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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

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.241

Year Built

1965

Town/City

Palo Alto

County/Region

Santa Clara

MLS | Web ID

ML82053370

Features
General
Living Area 2577
Sewer Public Sewer
Heating Forced Air
Cooling No Air Conditioning
Zoning R1
Year Built 1965
Property Subtype Quadruplex
County Santa Clara
Property Type Residential Income
HOA false
Status Active
City Palo Alto
High School District Palo Alto Unified
MLS Area Listing
Lot Size Square Feet 10500
Standard Status Active
Elementary School District Palo Alto Unified
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Interior
Air Conditioning Y/N true
Heating Y/N true
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Exterior
Lot Size Area 10500
Building Area Total 2577
Lot Size Acres 0.241
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* Excluded Features
List By
Ephan Liu

Listing Agent

Wilbur Properties

Broker

ephanrealtor@gmail.com

Email

Affordability Calculator

$22,099
Per Month
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Monthly Principal & Interest
$22,099
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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
4641845 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 has 4 bedrooms, 0.0 baths, and was built in 1965. The property's zip code is 94301 which is in Palo Alto, CA