Multifamily
3553 Alma St
3553 Alma St, Palo Alto, CA 94306
Listing Price: $6,988,000
Investment Overview
3553 Alma St is a stunning 14 unit-investment opportunity located in the thriving city of Palo Alto, California.
Situated on a 25,625 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 12,010 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. 3553 Alma St well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability.com list of "Top 100 Best Places to Live" in America.
The subject property offers renters 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.
The investment appeal of this asset is driven by Palo Alto's incredibly strong employment fundamentals an low vacancy levels. 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.
3553 Alma St
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a well-situated asset located in the highly exclusive Palo Alto market.
- Prime Palo Alto Location - 3553 Alma St is within close proximity to Stanford (2.0 miles) and Downtown Palo Alto (3.0 miles).
- Desirable Unit Mix - The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
- Prestigious Palo Alto School District - The subject property is located in a continuously ranked number one public school district throughout California.
- Strong Renter's Market - 3553 Alma St benefits from its proximity to Stanford University, creating a strong demand and high prices for rental rates.
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Listing Price: $6,988,000
Investment Highlights
- Exceptional Investment Opportunity - Investors have the opportunity to acquire a well-situated asset located in the highly exclusive Palo Alto market.
- Prime Palo Alto Location - 3553 Alma St is within close proximity to Stanford (2.0 miles) and Downtown Palo Alto (3.0 miles).
- Desirable Unit Mix - The subject property offers tenants beautifully designed two-bedroom and one-bedroom floor plans.
- Prestigious Palo Alto School District - The subject property is located in a continuously ranked number one public school district throughout California.
- Strong Renter's Market - 3553 Alma St benefits from its proximity to Stanford University, creating a strong demand and high prices for rental rates.
Investment Overview
3553 Alma St is a stunning 14 unit-investment opportunity located in the thriving city of Palo Alto, California. Situated on a 25,625 square foot parcel of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 12,010 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. 3553 Alma St well-positioned in one of the Bay Area's most dynamic and desirable cities. With historic neighborhoods, diverse cultural attractions, and vibrant entertainment, shopping, and nightlife district, Palo Alto is an exciting destination for business or pleasure. Palo Alto was also recently ranked #6 on the livability.com list of "Top 100 Best Places to Live" in America. The subject property offers renters 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. The investment appeal of this asset is driven by Palo Alto's incredibly strong employment fundamentals an low vacancy levels. 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.
Exclusively Listed By
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