$3,500,000
1061 Alma St, Palo Alto 94301
AddressIntel AI Briefing
An exceptional candidate for teardown-and-mansionize given the large 10k sqft lot and substantial spread between purchase price and Palo Alto new-build comparable sales. However, SB 9 is not applicable and ADU feasibility is unknown, making a high-end luxury single-family mansion the singular viable development route. Zero environmental hazards and affluent demographics support a massive ARV ceiling.
Property Permit History
| Date | Project Type | Status | Valuation | Contractor |
|---|---|---|---|---|
| 2022-11-02 | Finaled | $250 | Belong Home Inc | |
| 2020-09-21 | Finaled | $12,000 | AVA INC |
Recent Neighborhood Remodeling (Palo Alto)
Parcel & Zoning Info
Seller Motivation
Inferred from days on market and listing-description language (e.g. "as-is", "estate sale", "motivated seller"). A screening heuristic for likely negotiability, not a statement about the seller's circumstances.
Hazard Snapshot
Flood Zone
Fire Severity
Liquefaction
Fault Zone
Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities. Liquefaction and fault flags: modified from California Geological Survey, Web Service of Official Maps of Alquist-Priolo Earthquake Fault Zones and Web Service of Official Maps of Seismic Hazard Zones (2025).
Nearby Public Schools
Addison Elementary
Palo Alto Unified
Frank S. Greene Jr. Middle
Palo Alto Unified
Palo Alto High
Palo Alto Unified
School boundaries are subject to change. Nearest school distance does not guarantee enrollment eligibility. Check with the local district. Data provided by CDE.
Proprietary Intelligence
Market Heat Index
68/100
Based on recent sales velocity and local demand in 94301.
Flippability Score
68/100
Measures neighborhood renovation density vs. recent permits on this property.
Bidding War Prob.
33%
Likelihood of multiple offers based on local list-to-sale ratios and DOM.
Proforma ROI Calculator
Back-of-the-napkin deal analysis across development strategies.
Median of 8 recent multi-family sales in Palo Alto (94301): $998/sqft, plus 5% because new houses sold at a median 1.07x their comps across 239 real rebuilds. Sized within 25% of the 3,900 sqft build, because smaller houses sell for more per foot and pricing a rebuild off them overstates resale.
Commission, transfer tax and closing. Deducted from resale before profit, so the ROI below is net of the exit rather than gross.
Interest on the purchase price for the whole project plus half the build budget, since construction draws ramp up. The default is 7% over 33 months, the median purchase-to-sale time of 239 real Peninsula and South Bay rebuilds. Set the rate to 0 for a cash purchase, or use your own lender's terms.
Projected Profit
Warning: Project is mathematically underwater.
Recent Comparables (Palo Alto 94301)
Sized to the modelled 3,900 sqft build: sales within 25% of it. Smaller houses sell for more per foot, so pricing a rebuild off them overstates resale.