2609-2617 Alma ST, Palo Alto, CA 94306
2609-2617 Alma ST, Palo Alto, CA 94306
2609-2617 Alma ST, Palo Alto, CA 94306
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Matthew Thomson • Compass, DRE#01471708
$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 Pending

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

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

Security Features Security Fence

Horse Property No

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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2609-2617 Alma ST

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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.