NOT LISTED FOR SALE

2583 Alma St Palo Alto, CA 94301

Midtown Palo Alto Neighborhood
4 Beds
3 Baths
1,822 Sq Ft
6,142 Sq Ft Lot

Last Sold June 06, 2022

Last sale price $2,075,000 $1,139 Per Sq Ft

42 Days on Market

Highlights

  • Wood Flooring
  • El Carmelo Elementary School Rated A+
  • 1-Story Property

About This Home

As of June 2022

Triplex in the heart of Silicon Valley. Close to Stanford University, tech giants, downtown Palo Alto, California Ave and Midtown shopping, restaurants, farmers market and parks. Short commute to Oregon Expwy, El Camino Real and Cal-train station. Easy excess to highway 101 and 280. Insulated doors and double pane windows for all units. Exterior painting was done in 2018. Each unit has washer/dryer. Tenants pay for water/waste/gas/electricity, separate water/electric/gas meters. Owner pays for outside electricity. Acclaimed Palo Alto schools.

Last Agent to Sell the Property

Jackie Schoelerman

Coldwell Banker Realty License #01092400 Listed on: 02/10/2022

Coldwell Banker Realty

Last Buyer's Agent

Jackie Schoelerman

Coldwell Banker Realty License #01092400 Listed on: 02/10/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 6,142

Home Design

  • Triplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,822 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Security Lights

Flooring

  • Wood
  • Laminate
  • Tile

Parking

  • 2 Parking Spaces
  • 3 Carport Spaces

Additional Features

  • 6,142 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $79,800

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $400
  • Insurance Expense $754
  • Maintenance Expense $500
  • Utility Expense $400
  • Operating Expense $14,107
  • Gross Income $79,800

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Listing Details

  • Zoning: RM3
  • Subclass: Triplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1822
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Living Sq Ft: 1822
  • Stories: 1
  • Security: Security Lights
  • Flooring: Hardwood, Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Tar And Gravel

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, Parking Area
  • Carport Min: 3

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Palo Alto Unified
  • Elementary School: El Carmelo Elementary
  • Middle School: Jane Lathrop Stanford Middle
  • High School: Palo Alto High
  • High School: 327
  • Elementary School: 312
  • Middle School: 322

Lot Info

  • Lot Acres: 0.1410
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6142.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6142.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.32
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 754
  • Expense Landscape: 400
  • Expense Maintenance: 500
  • Expenses Total: 14107
  • Expenses Utility: 400
  • Income Annual Gross: 79800.00
  • Income Annual Rental: 79800
  • Income Gross Scheduled: 79800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $2,075,000 -1.2% $1,139 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $2,100,000 -- $1,153 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jackie Schoelerman

    Seller's Agent in 2022

    Jackie Schoelerman

    Coldwell Banker Realty

    (650) 855-9700

    6 in this area

    40 Total Sales

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Map

Source: MLSListings

MLS Number: ML81877703

MLSListings

APN: 132-25-040

California Santa Clara County Palo Alto 94301 Midtown Palo Alto

2583 Alma St, Palo Alto, CA

This home is located at 2583 Alma St, Palo Alto, CA 94301 since 10 February 2022. This property was built in 1955. 2583 Alma St is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Palo Alto High School.

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