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$3,500,000
$7,200Reward *
1061 Alma Street, Palo Alto, CA 94301Listing ID ML82053370

1061 Alma Street, Palo Alto, CA 94301

Active
Time on site: 40 days • Last updated: Aug 2, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Quadruplex
Square Feet
Square Feet
2,577
Acres
Acres
0.24
Days on Site
Days on Site
40
Cooling
Cooling
None
Heating
Heating
Central
Year Built
Year Built
1965
Parking
Parking
Covered, Uncovered

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

Property Information

Property Details

Location

Address
1061 Alma Street
County
Santa Clara
City
Palo Alto
Zip Code
94301
School District
Palo Alto Unified
MLS Area
699 - Not Defined

Interior Features

Heating and Cooling

Cooling
None
Heating
Central

Building

Building Information

Square Feet
2,577
Year Built
1965
Foundation
Slab
Roof
Shingle

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$15,087
Ephan Liu • Wilbur Properties, (650) 847-3800

Market Report for 94301

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

ML5109056