$ 6,988,000
3553 Alma ST Palo Alto, CA 94306
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$ 6,988,000
Est. payment /mo
Pending
3553 Alma ST Palo Alto, CA 94306
3 Beds
2.5 Baths
12,010 SqFt
UPDATED:
10/22/2024 04:37 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 12,010 sqft
Price per Sqft $581
MLS Listing ID ML81979611
Bedrooms 3
Full Baths 2
Half Baths 1
Year Built 1964
Lot Size 0.588 Acres
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 Midtown
Zoning RM3
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated
Exterior
Garage Attached Garage, Carport
Garage Spaces 7.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Wood Shakes / Shingles
Building
Foundation Concrete Slab
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 132-28-078
Security Features None
Special Listing Condition Not Applicable
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Listed by Eymon Binesh • Marcus & Millichap