Palo Alto, CA 94301,1645-1651 Alma ST
See all 23 photos
Palo Alto, CA 94301,1645-1651 Alma ST
Palo Alto, CA 94301,1645-1651 Alma ST
Palo Alto, CA 94301,1645-1651 Alma ST
Palo Alto, CA 94301,1645-1651 Alma ST

$3,205,000

Est. payment /mo

$2,995,000

7.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1645-1651 Alma ST Palo Alto, CA 94301

2 Beds

1 Bath

4,336 SqFt

SOLD DATE : 10/24/2024

Key Details

Sold Price $3,205,000

Property Type Commercial

Sub Type Five or More Units

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

Bedrooms 2

Full Baths 1

Year Built 1961

Lot Size 10,000 Sqft

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 Downtown Palo Alto

Zoning RM2

Interior

Heating Wall Furnace

Cooling None

Exterior

Garage Carport

Garage Spaces 2.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 124-17-037

Security Features None

Special Listing Condition Not Applicable

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


MLSListings Inc. (MLSListings)
Listed by Eymon Binesh • Marcus & Millichap
Bought with Jimmy Castellanos • Marcus & Millichap

GET MORE INFORMATION

Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.