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$3,500,000

  • For Sale
  • Active
  • Multi-Family
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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

Full Property Details for 1061 Alma St

General

  • Price: $3,500,000
  • Status: Active
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82053370
  • Updated: 7/8/2026
  • Added to Site: 49 day(s) ago

Additional Information

  • Extras: Not Applicable
  • Security/Safety: None

Parking

  • Parking Features: Assigned Spaces, Covered Parking, Uncovered Parking

Location

  • Area: Professorville
  • County: Santa Clara

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Central Air (Forced Air)

Utilities

  • Sewer: Public Sewer
  • Water: Individual Water Meter
  • Utility Description: Available (Not on Site)
  • Metering: Separate Electric, Separate Water

Structural Information

  • Foundation: Concrete Slab
  • Roof: Shingle
  • Disability Access: Parking
  • Square Feet: 2,577
  • Year Built: 1965

Unit Information

Unit 1

  • Square Feet: 650
  • Bedrooms: 1

Unit 2

  • Square Feet: 650
  • Bedrooms: 1

Unit 3

  • Square Feet: 650
  • Bedrooms: 1

Unit 4

  • Square Feet: 650
  • Bedrooms: 1

Lot Features

  • Minimum Lot Size: 10500
  • Lot Size (Sq. Ft.): 10,500
  • Building Sites: 1
  • Zoning: R1

Listed by Wilbur Properties, Ephan Liu

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Listing agent

— 1061 Alma St —

  • Ephan Liu

    Wilbur Properties

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1061 Alma St

School District:Palo Alto Unified School District
NameGradesDistance
Addison Elementary School
650 Addison Avenue, Palo Alto, CA 94301
K-50.6 mi
Frank S. Greene Jr. Middle
750 N. CA Ave., Palo Alto, CA 94303
6-81.2 mi
Palo Alto High School
50 Embarcadero Road, Palo Alto, CA 94301
9-120.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1061 Alma St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/08/2026
Listed
$3,500,000
369.8%
MLS
10/14/1998
Sold
$745,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1061 Alma St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,087
—
$1,191,293
2%
2025
$15,087
4%
$1,167,935
2%
2024
$14,482
2%
$1,145,035
2%
2023
$14,267
1%
$1,122,584
2%
2022
$14,096
2%
$1,100,573
2%
2021
$13,818
2%
$1,078,994
1%
2020
$13,544
1%
$1,067,931
2%
2019
$13,391
3%
$1,046,992
2%
2018
$13,036
2%
$1,026,464
2%
2017
$12,807
3%
$1,006,338
2%
2016
$12,468
1%
$986,607
2%
2015
$12,343
3%
$971,788
2%
2014
$12,040
—
$952,753
—
2013
$12,016
—
$948,448
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Wilbur Properties, Ephan Liu

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1061 Alma St, Palo Alto, CA 94301 (MLS# ML82053370) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1061 Alma St is currently listed for $3,500,000 and was received on July 08, 2026. Want to learn more about 1061 Alma St? Do you have questions about finding other Multi-Family real estate for sale in Professorville? You can browse all Professorville real estate or contact a Coldwell Banker agent to request more information.

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