---
listing_id: ML82049055
status: Active
price: 2500000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 2232
sqft_lot: 8070
lot_acres: 
year_built: 1951
property_type: Residential Income
property_subtype: 
address: "2609-2617 Alma St"
city: Palo Alto
state: CA
zip: 94306
county: "Santa Clara County"
lat: 37.427044
lng: -122.137207
days_on_market: 1
hoa_fee: 
hoa_frequency: 
garage_spaces: 0
list_agent: "Matthew Thomson"
list_office: "Compass"
list_agent_phone: "(650) 515-6555"
list_agent_license: 01471708
mls_source: MLSL
modified: 2026-05-30
transaction_type: buy
---

Home | Santa Clara County | Palo Alto | 94306 | 2609-2617 Alma St

2609-2617 Alma St, Palo Alto, CA 94306

MLS: ML82049055 | Status: Active | Price: $2,500,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds Baths Sq Ft Sq Ft Lot Yr Built
2,232 8,070 1951

Remarks

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.

MLS Listing Information

Field Value
MLS # ML82049055
MLS Source MLSListings, Inc.
Days on Site 1

Features

Interior Features

Feature Details
Cooling None
Heating Other

Exterior Features

Feature Details
Roof Flat
Foundation Slab

Parking, School, and Other Information

Feature Details
Garage/Parking Carport, Garage: 0 Car(s)
Elementary District Palo Alto Unified
High School District Palo Alto Unified
Sewer Public Sewer
Water Public
Zoning RM3

Contact Information

Listing Agent Co-Listing Agent
Matthew Thomson Bryan Danforth
Compass Compass
License #: 01471708 License #: 01789680
Phone: (650) 515-6555 Phone: (650) 274-5227

Property Units

# Buildings # Leased Units # Total Units
2 0 4

Unit Details

Unit # Sq Ft Beds Baths Rent
1 2 1/0
2 2 1/0
3 2 1/0
4 2 1/0

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
El Carmelo Elementary School public K-5 0.41 mi 9
Frank S. Greene Jr. Middle public 6-8 0.78 mi 9
Barron Park Elementary School public K-5 0.98 mi 9
Escondido Elementary School public K-5 1.07 mi 10
Jane Lathrop Stanford Middle School public 6-8 1.09 mi 10
Walter Hays Elementary School public K-5 1.11 mi 9
Ohlone Elementary School public K-5 1.14 mi 10
Fairmeadow Elementary School public K-5 1.21 mi 10
Palo Alto Adult Education public UG 1.28 mi N/A
Palo Verde Elementary School public K-5 1.29 mi 8
Palo Alto High School public 9-12 1.33 mi 10
Herbert Hoover Elementary School public K-5 1.39 mi 10
Lucille M. Nixon Elementary School public K-5 1.39 mi 10
Juana Briones Elementary School public K-5 1.46 mi 10
Addison Elementary School public K-5 1.49 mi 9
Duveneck Elementary School public K-5 1.56 mi 9
Henry M. Gunn High School public 9-12 1.66 mi 10
Ellen Fletcher Middle public 6-8 1.73 mi 9
Greendell School public KG 1.89 mi N/A
Packard Children's Hospital/Stanford public K-12 2.18 mi N/A

Nearby Homes

Address Price Beds Baths Sq Ft Status
270 Everett Ave $2,300,000 1,840 Active
637 & 639 Keats $2,808,088 2,202 Active
717 & 723 Ellsworth Pl $2,488,000 1,650 PendingDoNotShow

Disclosures

©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of May 30, 2026. For the most current information, please contact Matthew Thomson, (650) 515-6555.