
East Palo Alto, California 94303
This Strategic Value-Add Property is a high-potential acquisition in a premier Peninsula location. Listed at $1,095,000, the asset is priced near its $1,051,033 Fair Market Value, reflecting its elite proximity to Stanford University and major Silicon Valley tech hubs. Currently holding a Fair Condition Rating, the 1947 structure requires a comprehensive interior renovation to reach modern standards. However, the 6,321 sqft lot, original hardwood floors, and detached garage offer significant ADU expansion opportunities for forced appreciation. This project is perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1908 Cooley Avenue Subject | $1,095,000* List Price | 3 | 1 | 1,210 | $881 | - |
A 2060 Pulgas Avenue Sold | $1,075,000 | 4 | 2 | 1,330 | $808 | 0.7 mi |
B 2055 Oakwood Drive Sold | $1,035,000 | 2 | 1 | 990 | $1,045 | 0.8 mi |
C 640 Circle Drive Sold | $1,350,000 | 3 | 1 | 1,430 | $944 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this home is functional and lived-in but shows significant signs of age. While it features some updates like newer laminate flooring and ceiling fans, the kitchen is dated with older cabinetry and appliances. The presence of popcorn ceilings and worn carpets, combined with the listing's emphasis on 'potential' and 're-imagining,' aligns with the Fair category for a property that is maintained but requires modernization.
Situated on the highly desirable west side of Highway 101, providing elite proximity to Stanford University, downtown Palo Alto, and major Silicon Valley tech hubs.
The generous 6,321 sqft lot and detached garage offer significant opportunities for footprint expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize value.
The home retains sought-after original hardwood flooring and a classic fireplace, offering a solid aesthetic foundation for a high-end interior restoration.
The property is marketed as a 'vision' project, implying that the kitchen, dining areas, and general interior require substantial capital expenditure to reach modern living standards.
A 3-bedroom home with only 1 bathroom is below modern market expectations for the area and may limit the property's immediate appeal to families.
Given the 1947 construction date, the home likely requires significant updates to core systems such as electrical, plumbing, and insulation to ensure long-term viability.
A rare find on the west side of Hwy 101, this well-located home offers endless potential just moments from downtown Palo Alto, Stanford, and major tech campuses. Step inside to a bright living room with original wood floors and a cozy fireplace, ready to be re-imagined into a stylish gathering space. The floor plan flows into a functional kitchen and dining area awaiting your personal touch. Ceiling fans enhance comfort throughout, while the spacious backyard provides room for gardening, entertaining, or future expansion possibilities. The detached garage adds convenience and storage. With its central location near University Ave, cafes, shopping and parks, plus easy access to Hwy 84 and 101 for commuting, this property is ideal for buyers seeking value and vision in one of the Peninsula's fastest-evolving neighborhoods. A prime opportunity to create your dream home or investment in a truly strategic location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,210 | 1,490 | 26% |
| Lot Size | 6,321 | 6,400.5 | 50% |
| Price | $1.09M | $3.11M | 24% |
| Price per sq ft | $905 | $1.8K | 28% |
| Built year | 1947 | 1952 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 162 | 147 | 60% |
Nov 11, 2025
$1,095,000
Initial Listing
Feb 23, 2016
$507,500
Public Record
Dec 2, 2011
$17,216,000
Public Record
Mar 30, 2007
$702,000
Public Record