$ 6,988,000
3553 Alma ST Palo Alto, CA 94306
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,988,000
Est. payment /mo
Active Under Contract
3553 Alma ST Palo Alto, CA 94306
12,010 SqFt
UPDATED:
10/11/2024 03:23 PM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,010 sqft
Price per Sqft $581
MLS Listing ID ML81979611
HOA Y/N No
Year Built 1964
Annual Tax Amount $87,758
Lot Size 0.588 Acres
Acres 0.5883
Property Description
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.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 7
Roof Type Shingle
Building
Water Public
Schools
School District Palo Alto Unified
Others
Tax ID 13228078
Special Listing Condition Standard
Listed by Eymon Binesh • Marcus & Millichap