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2609 Alma Street

Palo Alto CA 94306

2232 sq. ft.
8070 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

2232 sq. ft. floor area
8070 sq. ft. lot size
Duplex

Happy sellers in Palo Alto

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We have insufficient information to provide an overview of customer satisfaction for Palo Alto. Viewing the agent profiles, reviews and sales for Palo Alto can provide insights for this location.

Local market activity for duplexes in Palo Alto

In the last 12 months, 6 duplexes similar to 2609 Alma Street, have been sold.

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