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    2869 Alma Street

    Palo Alto, CA 94306
    • $2,600,000
    • STATUS: Active Under Contract
    • ON SITE: 42 days
    • ID#: ML81822017
    Under Contract
    UPDATED: 29 min ago
    $2,600,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,476
      SQFT
    • $748
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Rare investment opportunity in Palo Alto! This asset consists of (4) spacious 2 bed 1 bath units averaging 869 sq. ft. each. 3 of 4 apartments contain updated interiors including dishwashers, kitchens and baths. The property has dual pane windows and copper plumbing throughout. The tree-lined parcel has an attractive outdoor courtyard with BBQ area and newer fencing. The location benefits from close proximity to Midtown retail amenities, Oregon Expressway, California Avenue CalTrain Station, Stanford University, some of Silicon Valley's top employers, and excellent Palo Alto schools. No Section 1 termite report work!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-15T14:32:18.777. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/112351506
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    2869 Alma Street Palo Alto, CA 94306

    • Price: $2,600,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: ML81822017
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    3,476
    SQFT
    $748
    $/SQFT
    1955
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Clara
    Area:
    699 - Not Defined
    Property Description
    Rare investment opportunity in Palo Alto! This asset consists of (4) spacious 2 bed 1 bath units averaging 869 sq. ft. each. 3 of 4 apartments contain updated interiors including dishwashers, kitchens and baths. The property has dual pane windows and copper plumbing throughout. The tree-lined parcel has an attractive outdoor courtyard with BBQ area and newer fencing. The location benefits from close proximity to Midtown retail amenities, Oregon Expressway, California Avenue CalTrain Station, Stanford University, some of Silicon Valley's top employers, and excellent Palo Alto schools. No Section 1 termite report work!
    Exterior Features

    Carport Spaces 3.00 Foundation Details Concrete Perimeter Garage Spaces 1.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features UncoveredCovered Parking Total 4.00 Parking YN Yes Roof CompositionShingleAsbestos Shingle

    Interior Features

    Average1 Bed Area 869 Average2 Bed Area 869 Average3 Bed Area 869 Cooling None Cooling YN No Heating Natural Gas Heating YN Yes

    Property Features

    Accessibility Features None Cap Rate 2.85 Gross Multiplier 21.43 Gross Scheduled Income 121298.00 Insurance Expense 2000.00 Maintenance Expense 2000.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 4130.00 Zoning Rm2

    Listing provided courtesy of Joel Hopman of Newmark Cornish & Carey and Justin Bautista of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-15T14:32:18.777. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
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    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037