1751 Alma St, Palo Alto, CA, 94301
About This Home
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. 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.
Getting Around
Somewhat Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1951
Materials
- Foundation: Slab
- Roof: Composition
Type & Style
- Home type: MultiFamily
- Property subType: Triplex,Residential Income
Interior
Features
- Door features: None
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: Ceiling Fan(s)
Interior Area
- Total structure area: 1,716
- Total interior livable area: 1,716 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 12417078
- Zoning: RM2
- Special condition: Standard
Lot
- Lot size: 6,998 sqft
Parking
- Total spaces: 3
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Clara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,630 | $139,560 |
| Home Insurance * | $166 | $1,992 |
| Property Taxes | $2,385 | $28,620 |
| Electricity | $398 | $4,786 |
| Total | $14,579 | $174,948 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $2,300,000 |
| 2024-11-06 | Listing removed | $2,795 |
| 2024-10-29 | Price change | $2,795 |
| 2024-10-22 | Listed for rent | $3,050 |
| 2014-07-10 | Sold | $2,000,000 |
| 2006-06-01 | Sold | $1,162,500 |
| 1998-09-02 | Sold | $432,500 |
| 1993-10-21 | Sold | $303,000 |
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