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ActiveMulti-Family

$3,500,000

1061 Alma St, Palo Alto 94301

Beds4
Baths4
Sqft2,577
DOM15
No Photos Available

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

No permit history found directly associated with this property's address.

Recent Neighborhood Remodeling (Palo Alto)

2026-07-23943 EL CAJON WY, PALO ALTO CA 94303
Project - Building Permit
--In Plan Check
2026-07-232311 COLUMBIA ST, PALO ALTO CA 94306
Project - Building Permit
--Submitted
2026-07-231454 HAMILTON AV, PALO ALTO CA 94301
Kitchen and/or Bath Remodel: Within existing footprint, non-structural changes are allowed (detached single-family and duplex only)
--Permit Issued
2026-07-23334 LINCOLN AV, PALO ALTO CA 94301
Project - Building Permit
--Submitted
2026-07-23855 HAMILTON AV, PALO ALTO CA 94301
Project - Building Permit
--Submitted
2026-07-23250 HAMILTON AV, PALO ALTO CA 94301
Building/Use and Occupancy/Use and Occupancy/UNO
--Approved

Parcel & Zoning Info

APN12030045
Official Lot Sqft10,454
Zoning Code--
SB 9 StatusN/A

Hazard Snapshot

Flood Zone

X
Area of minimal flood hazard.

Fire Severity

None
Not in a mapped state fire severity zone.

Liquefaction

No
Not in a mapped liquefaction zone.

Fault Zone

No
Not in a mapped Alquist-Priolo fault zone.

Not a substitute for a Natural Hazard Disclosure (NHD) report. Zones reflect available GIS data and may not cover all localities.

Nearby Public Schools

Elementary School

Addison Elementary

Palo Alto Unified

0.6 miles away
Middle School

Frank S. Greene Jr. Middle

Palo Alto Unified

1.2 miles away
High School

Palo Alto High

Palo Alto Unified

0.2 miles away

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.

Based on 6 recent sales in 94301 averaging $3,336/sqft.

Hard Costs$1,546,400
New Build3,866 sqft
Total Capital Required$5,221,400
Estimated Resale (ARV)$12,896,976

Projected Profit

$7,675,576
147.0% ROI

Recent Comparables (94301)

2001 Bryant St

Sold
$21,775,000
Sold: 2026-07-20
Lot: 31,742
Sqft: 3061
$/Sqft: $7,114

2001 Webster St

Sold
$10,300,000
Sold: 2026-07-20
Lot: 8,755
Sqft: 5042
$/Sqft: $2,043

771 Center Dr

Sold
$6,510,000
Sold: 2026-07-20
Lot: 10,500
Sqft: 2391
$/Sqft: $2,723

65 Kirby Pl

Sold
$9,000,000
Sold: 2026-07-17
Lot: 16,280
Sqft: 2485
$/Sqft: $3,622

1211 Fulton St

Sold
$6,711,000
Sold: 2026-07-16
Lot: 5,625
Sqft: 2508
$/Sqft: $2,676

1427 Byron St

Sold
$5,565,000
Sold: 2026-07-15
Lot: 5,600
Sqft: 3030
$/Sqft: $1,837