
East Palo Alto, California 94303
This Duplex Residential Income property is a Strong Value Opportunity, listed at $1,495,000—positioned well above the $1,380,817 Fair Market Value by 8%. While priced at a premium, the property offers a Condition Rating of 3, featuring a Granite Kitchen, Solar Panels, and a Private Patio. The vacant 3-bedroom front unit provides immediate occupancy for an Owner-Occupant, while the tenant-occupied rear unit generates steady rental income. This is an ideal acquisition for Buy-and-Hold Investors seeking a well-maintained asset in a high-demand, appreciating location.
Property is move-in ready.
While originally built in 1941, the property has undergone significant updates including a newer composition roof, solar panels, and double-pane windows. The kitchen and bathrooms feature renovations likely from the last 10-15 years, including granite countertops and stainless steel appliances, making the home functional and move-in ready.
The duplex configuration with a vacant 3-bedroom front unit offers an ideal opportunity for an owner-user to occupy a high-quality space while generating immediate rental income from the rear unit.
Situated on a tree-lined street adjacent to Menlo Park and high-end new developments, the property is positioned in a high-demand area with strong potential for long-term appreciation.
The property features significant capital improvements including solar panels, a newer composition roof, and a remodeled kitchen with granite countertops, reducing immediate CAPEX for the buyer.
The rear unit is currently tenant-occupied, which may limit immediate full possession of the property and requires the buyer to manage existing lease terms.
With an original build date of 1941, the property may require more frequent maintenance of underlying systems compared to the newer high-end homes in the immediate vicinity.
Live in one and rent the other! Excellent unit mix with front owners unit offering 3 bed 2 bath and rear unit 2 bed 2 bath. Great location and well maintained on a tree lined street adjacent to new high end homes and Menlo Park. Vacant owners unit offers a spacious light filled living room with coved ceiling detail, kitchen with quality wood cabinetry, granite counter tops with full height backsplash and stainless steel appliances. Primary bedroom suite with bath and 2 additional bedrooms with a well appointed hall bath. Private front yard patio with fruit trees and white picket fence. Rear unit is currently tenant occupied - month to month - and offers 2 bedrooms and 2 baths. Financials only account for rear unit rent as the owner occupied the front unit. There is a 1 car garage and 2 car carport in the rear with ample parking. Additional features include, laminate and tile floors, newer composition roof, double pane windows and solar. This is a great opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,340 | 4,306 |
| Lot Size | 6,690 | 4,873 |
| Price | $1.50M | $1.20M |
| Price per sq ft | $639 | $279 |
| Built year | 1941 | 1964 |
| HOA | $0 | $0 |
| Days on market | 2 | 86 |
Oct 22, 2026
$1,495,000
Initial Listing