$ 2,995,000
16451651 Alma ST Palo Alto, CA 94301
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 2,995,000
Est. payment /mo
Pending
16451651 Alma ST Palo Alto, CA 94301
4,336 SqFt
UPDATED:
09/30/2024 05:56 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 4,336 sqft
Price per Sqft $690
MLS Listing ID ML81979614
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
Special Listing Condition Standard
Listed by Eymon Binesh • Marcus & Millichap
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