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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

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    What's special

    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.

    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#: ML81979611MLS Logo

    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