3553 Alma ST Pending

Palo Alto,CA 94306

$ 6988000

- Bed

0 Bath

12010 SqFt


Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 12,010 sqft

Price per Sqft $581

MLS Listing ID ML81979611

Year Built 1964

Annual Tax Amount $87,758

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 699 - Not Defined

Zoning RM3

Interior

Heating Wall Furnace

Cooling None

Exterior

Roof Type Shingle

Building

Water Public

Schools

School District Palo Alto Unified

Others

Special Listing Condition Standard

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