1751 Alma St, Palo Alto, CA 94301 — Sale in Palo Alto, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Palo Alto, CA 94301
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Investment Figures
- Cap rate
- 1.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
1751 Alma St is a premier triplex multifamily investment opportunity located in the thriving city of Palo Alto, California. Situated on a 6,988 square foot parcel of land, the subject property was originally constructed in 1951 and features a gross building area of approximately 1,716 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Tenants at 1751 enjoy convenient amenities including air conditioning, in-unit W/D and private patios. Additionally, 1751 Alma St offers tenants convenient property amenities including gated access and private garage parking with attic space. 1751 Alma St is well-positioned in one of the Bay Area’s most dynamic and desirable cities. Located within walking distance to the world-class Stanford University, the subject property benefits from a strong renters market allowing for strong demand and high prices for rental rates. 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 investment appeal of this property is driven by Palo Alto's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 1751 Alma St presents an attractive choice for renters due to its close proximity to prestigious schools, major employers, shopping, dining and entertainment options. Investment Highlights: • Trophy Location in World-Class Palo Alto with Nearby Luxury Residences Valued at over $20 Million+ – Investors have the rare opportunity to acquire a triplex in the prestigious Old Palo Alto. • Desirable Unit Mix - The subject property offers an attractive mix of beautifully designed two-bedroom and one-bedroom floor plans complemented by private back patios. • Convenient Property Amenities - Tenants enjoy gated access, pr
Market Context
This multifamily in Palo Alto, CA is listed for sale. It is offered at an approximate 1.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Palo Alto, CA — view the full market.
As of Q4 2025, the San Francisco Peninsula multifamily market showed a 4.6% vacancy rate, average asking rents near $3300.00/unit/mo, rents up 5.9% year over year, and cap rates around 4.5%. Source: Matthews Q4 2025 market report.
Its 1.0% asking cap rate is below the San Francisco Peninsula multifamily market average of about 4.5%, reflecting premium pricing relative to comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Multifamily market FAQ
- What is the typical cap rate for multifamily in San Francisco Peninsula?
- About 4.5% as of Q4 2025, per Matthews.
- Is the San Francisco Peninsula multifamily market tightening or softening?
- Vacancy is around 4.6%, with asking rents rising year over year (Q4 2025).
Contact
- Adam Levin · (650) 391-1782 · adam.levin@marcusmillichap.com
- Rob Johnston · (650) 391-1744 · robert.johnston@marcusmillichap.com
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