2609-2617 Alma Street, Palo Alto, CA 94306

• 8 beds
• 2,232 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 29, 2026

Data Last Updated:

July 5, 2026 at 7:08AM

Listing Office:

Compass :

Listing Agent:

Matthew Thomson : 650-515-6555

MLS ID:

ML82049055

Interior

• A/C: No Air Conditioning
• Heating: Other

Location

• School District: Palo Alto Unified
• County: Santa Clara

Lot

• Zoning: RM313225057

Utilities

• Water: Public
• Sewer: Public Sewer