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.
Sold for $6,070,000 on 12/18/24
$6,070,000
Alma Paloalto, Palo Alto, CA 94306
--beds
--baths
12,010sqft
Five Or More Units
Built in 1964
-- sqft lot
$6,001,400 Zestimate®
$505/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: January 02, 2025 at 01:16am
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700,
Robert Johnston 01853816 510-304-8077
Bought with:
Eymon Binesh, 02060059
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML81979611
Facts & features
Interior
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Doors: None
Interior area
- Total structure area: 12,010
- Total interior livable area: 12,010 sqft
Property
Parking
- Total spaces: 7
- Parking features: Attached, Carport
- Garage spaces: 7
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.59 Acres
Details
- Parcel number: 13228078
- Zoning: RM3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units
Materials
- Foundation: Slab
- Roof: Wood
Condition
- Year built: 1964
Utilities & green energy
- Gas: IndividualGasMeters
- Water: Public
- Utilities for property: Water Public
Community & neighborhood
Location
- Region: Palo Alto
Other
Other facts
- Listing agreement: ExclusiveRightToSell
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Estimated market value
$6,001,400