Palo Alto, CA 94306,3553 Alma Street
Listed by Eymon Binesh • Marcus & Millichap
Bought with Eymon Binesh • Marcus & Millichap

$6,070,000

Est. payment /mo

$6,988,000

13.1%
Est.Price: ?

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3553 Alma Street Palo Alto, CA 94306

12,010 SqFt

SOLD DATE : 12/18/2024

Key Details

Sold Price $6,070,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 12,010 sqft

Price per Sqft $505

MLS Listing ID ML81979611

Sold Date 12/18/24

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1964

Lot Size 0.588 Acres

Property Description

3553 Alma St. represents a rare opportunity to acquire a 14-unit multifamily investment opportunity located in the highly exclusive Palo Alto market. Originally built in 1964, the property is situated on a 25,625 square foot parcel of land with a gross building area of 12,010 square feet. The asset features an ideal unit makeup, including eleven (10) 2-bed/1.5-bath townhomes and four (4) 1-bed/1-bath flats. The asset offers residents close proximity to many of the nation's top tech employers including Google, Apple, Facebook, Amazon, Varian Medical Systems, SAP, Oracle, Cloudera, Visa, Sony, as well as many others. Palo Alto is also home to a myriad of high-end retail stores and restaurants such as West Elm, NOBU, Restoration Hardware, and several others. With a world-class location in the heart of Silicon Valley, 3553 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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Coin Operated

Building

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

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Alessandra Imanabadi

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