$2,400,000

3213 Alma St Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated payment $15,024/month

Total Views 5,676
4 Beds
3 Baths
1,837 Sq Ft
$1,306 Price per Sq Ft

Highlights

  • High Ceiling
  • Fireplace
  • Coin Laundry
  • El Carmelo Elementary School Rated A+
  • Laundry Room
  • 1-Story Property

About This Home

Three beautifully remodeled and meticulously maintained apartments, fully leased to high quality tenants! Conveniently located close to California Ave, University Ave, Stanford, Cal-train, and much more. The perfect investment opportunity!

Listing Agent

Katie Tseng

Midtown Management Inc. License #02061293 Listed on: 10/14/2025

Co-Listing Agent

Joann Weber

Midtown Management Inc. License #01896750

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 6,247 Sq Ft Lot

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,837 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Fireplace
  • Laminate Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Disposal

Parking

  • 3 Carport Spaces
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $1,560
  • Insurance Expense $1,275
  • Maintenance Expense $2,154
  • Manager Expense $5,976
  • Utility Expense $4,200
  • Operating Expense $42,393
  • Gross Income $99,600

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Listing Details

  • Zoning: RM2
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1837
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1837
  • Stories: 1
  • Laundry: Coin Operated
  • Flooring: Laminate
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Covered Parking
  • Carport Min: 3

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Fireplace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.1434
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6248.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6248.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 24.10
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1275
  • Expense Landscape: 1560
  • Expense Maintenance: 2154
  • Expense Management: 5976
  • Expenses Total: 42393
  • Expenses Utility: 4200
  • Income Annual Gross: 99600.00
  • Income Annual Rental: 99600
  • Income Gross Scheduled: 99600
  • Income Includes: Coin Operated Equip
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Laundry, Services - Gardener, Utilities - Water
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating

Map

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 List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $2,400,000 -- $1,306 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82024810

MLSListings
California Santa Clara County Palo Alto 94306 South of Midtown

3213 Alma St, Palo Alto, CA

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Katie Tseng
Section Image
Midtown Management Inc.
(650) 610-2247