$2,500,000

beds

baths

2,232

square ft

2609-2617 Alma Street

Palo Alto, California 94306

Pending / MLS #82049055 / Multiple Unit (2-4) / Palo Alto

Listing information updated 10/13/2026 at 10:24pm

Incredible opportunity for an apartment investor to renovate all units day one. 2609 - 2617 Alma Street presents a rare chance to acquire a 4-unit multifamily property in one of Silicon Valleys most sought-after residential neighborhoods. Located steps from the California Avenue Caltrain Station, the property offers an investor a clear path to renovation and full market-rate stabilization with meaningful upside in a fundamentally supply-constrained market. Redevelopment path also available - Approved development entitlement for 4 detached 3-story townhomes (For Rent homes only - not For Sale project). California Ave, just a couple blocks away (10 min walk or 3 min bike using the pedestrian underpass), is Palo Alto's most historic shopping district, featuring numerous shopping, dining, and professional services. With the heart of Stanford University being just 3-miles away, it offers a wide variety of attractions and experiences, including the Stanford Oval, hiking at the Stanford dish trailhead, and Stanford sports facilities and arenas. The property is strategically surrounded by one of the strongest employment centers in the world, driven by technology, venture capital, healthcare, and higher education.

Full Features

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Pool:

Age:

75 Years

Roof Type:

Flat

Parking Type:

Carport

Square Feet:

2,232

Lot Size:

8070 SquareFeet

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

N/A

Location

Zip Code:

94306

City:

Palo Alto

County:

Santa Clara

Schools

School District(s):

Palo Alto Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Beds Above Grade:

Cooling System:

None

Heating System:

Other

Pool:

Age:

75 Years

Roof Type:

Flat

Parking Type:

Carport

Square Feet:

2,232

Lot Size:

8070 SquareFeet

Tax Amount:

N/A

Tax Year:

N/A

Zip Code:

94306

City:

Palo Alto

County:

Santa Clara

School District(s):

Palo Alto Unified

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Agent: Matthew Thomson

Listing Office: Compass

Disclaimer: The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than Christie’s International Real Estate Sereno are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 10/13/2026 at 10:24pm (date the MLS data was obtained). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.