Palo Alto, CA 94301,16451651 Alma ST
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Palo Alto, CA 94301,16451651 Alma ST
Palo Alto, CA 94301,16451651 Alma ST
Palo Alto, CA 94301,16451651 Alma ST
Palo Alto, CA 94301,16451651 Alma ST

$3,205,000

Est. payment /mo

$2,995,000

7.0%
Est.Price: ?

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16451651 Alma ST Palo Alto, CA 94301

4,336 SqFt

SOLD DATE : 10/24/2024

Key Details

Sold Price $3,205,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 4,336 sqft

Price per Sqft $739

MLS Listing ID ML81979614

Sold Date 10/24/24

HOA Y/N No

Year Built 1961

Annual Tax Amount $34,066

Lot Size 10,001 Sqft

Acres 0.2296

Property Description

1645-1651 Alma St represents a rare opportunity to acquire a 5-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. The property is situated on a large 10,000 square foot parcel of land with a gross building area of 4,336 square feet. The unit layouts feature a 1,000 square foot 2-bedroom single family house in front, with four (4) two-bedroom/one-bathroom floor plans in the rear. 1645-1651 Alma St is well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability list of Top 100 Best Places to Live in America. The investment appeal of this asset is driven by Palo Altos incredibly strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1645-1651 Alma St is an attractive choice for Peninsula renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 3

Roof Type Shingle

Building

Water Public

Schools

School District Palo Alto Unified

Others

Tax ID 12417037

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eymon Binesh • Marcus & Millichap
Bought with Jimmy Castellanos • Marcus & Millichap

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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