$2,400,000

3213 Alma St Palo Alto, CA 94306

South of Midtown Neighborhood

Estimated payment $15,124/month

Total Views 6
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

This home is located at 3213 Alma St, Palo Alto, CA 94306 and is currently priced at $2,400,000, approximately $1,306 per square foot. This property was built in 1958. 3213 Alma St is a home located in Santa Clara County with nearby schools including El Carmelo Elementary School, Jane Lathrop Stanford Middle School, and Henry M. Gunn High School.

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