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JLee Broker

[email protected] +1(650) 857-1000

Listed by Matthew Thomson, DRE #01471708 • Compass

$2,500,000

Est. payment - /mo

8 Beds

4 Baths

2,232 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,232 sqft

Price per Sqft $1,120

MLS Listing ID ML82049055

Bedrooms 8

Full Baths 4

Year Built 1951

Lot Size 8,070 Sqft

Property Sub-Type Fourplex

Source MLSListings, Inc.

Property Description

Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.

Location

State CA

County Santa Clara

Area Midtown

Zoning RM3

Interior

Heating Other

Cooling None

Exterior

Parking Features Carport

Utilities Available Public Utilities

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 132-25-057

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2609-2617 Alma ST Palo Alto, CA 94306

JLee Broker

Key Details

Location

Interior

Exterior

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Others

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