About 1061 Alma Street
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
Features of 1061 Alma Street
| MLS® # | ML82053370 |
|---|---|
| Price | $3,500,000 |
| Bedrooms | 4 |
| Bathrooms | 0.00 |
| Square Footage | 2,577 |
| Acres | 0.24 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1061 Alma Street |
|---|---|
| Area | 699 - Not Defined |
| City | Palo Alto |
| County | Santa Clara |
| Zip Code | 94301 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Covered, Uncovered |
| Garages | Covered, Uncovered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Slab |
School Information
| District | Palo Alto Unified |
|---|
Additional Information
| Date Listed | July 8th, 2026 |
|---|---|
| Days on Market | 67 |
| Zoning | R1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ephan Liu |
|---|---|
| Office | Wilbur Properties |