Description

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 details

Square feet

2,577

Year built

1965

Property type

Residential Income

Lot size

10,500 sqft

Location

1061 Alma Street • Palo Alto, CA 94301

More homes for sale and rent in Palo Alto, CA →

Listed by

Ephan Liu · Wilbur Properties

Similar Listings

Recent sales near 1061 Alma Street

685 High Street 5A: Sold $1,695,000 · 2 bd · 3 ba · 1,530 sqft · May 2026 · 0.4 mi
Compass | DRE #01880106
Buyer's agent: Dana McCue, Compass | DRE #01749772
342 Kellogg Avenue: Sold $19,000,000 · 5 bd · 4 ba · 2,859 sqft · Jun 2026 · 0.4 mi
Coldwell Banker Realty | DRE #01964881
Buyer's agent: Ashkon Jadali, KW Silicon City | DRE #01940242
831 Kipling Street: Sold $3,375,000 · 3,732 sqft · Jul 2026 · 0.4 mi
Newmark Cornish & Carey | DRE #01934574
Buyer's agent: Joel Hopman, Newmark Cornish & Carey | DRE #01934574
425 Alma Street 309: Sold $1,100,000 · 2 bd · 2 ba · 890 sqft · Jun 2026 · 0.6 mi
RE/MAX Gold Redwood Shores | DRE #01223530
Buyer's agent: Richard Bustos, Turbohome Brokerage Inc. | DRE #02243000
690 Lincoln Avenue: Sold $3,850,000 · 3 bd · 3 ba · 1,913 sqft · Jun 2026 · 0.6 mi
Compass | DRE #01961451
Buyer's agent: Daniel Assadi, Compass | DRE #02052607
614 Forest Avenue: Sold $1,800,000 · 2 bd · 2 ba · 1,392 sqft · May 2026 · 0.6 mi
Compass | DRE #01970137
Buyer's agent: Mike Bohnert, Coldwell Banker Realty | DRE #01325031
1427 Byron Street: Sold $5,565,000 · 4 bd · 4 ba · 3,030 sqft · Jul 2026 · 0.7 mi
Compass | DRE #70010137
Buyer's agent: Janis Ahmadjian-Baer, Christie's International Real Estate Sereno | DRE #00980993
1800 Waverley Street: Sold $7,500,000 · 4 bd · 3 ba · 2,965 sqft · Sep 2026 · 0.7 mi

Closed sales reported in 94301, nearest first, last 12 months. All recent sales in Palo Alto →

Residential Income - 1061 Alma Street, Palo Alto, CA