2118 Addison Ave, East Palo Alto, California 94303, East Palo Alto, 94303 - 4 bed, 4 bath
2118 Addison Ave
East Palo Alto, California 94303
Property Price
SUMMARY
Analysis of 2118 Addison Ave, East Palo Alto, California 94303 is currently available with a list price of $1,200,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the East Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
While originally built in 1951, the property has undergone significant interior renovations. The kitchen features modern grey shaker-style cabinetry, a contemporary subway tile backsplash, and updated stainless steel appliances including a gas range and built-in microwave. The flooring appears to be updated luxury vinyl plank or similar modern material. The exterior has been refreshed with modern paint and updated entry doors. It is classified as 'good' rather than 'excellent' because, while the units are move-in ready and renovated, the overall property infrastructure and exterior concrete show some age-related wear consistent with a well-maintained older multi-unit building.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Tech Hub Proximity
The property is ideally located near major Silicon Valley employers including Meta, Google, and Amazon, ensuring high rental demand from the tech workforce.
- Multi-Unit Income Potential
As a 4-unit apartment community, this property offers diversified rental income streams and lower vacancy risk compared to single-family investments.
- Excellent Commuter Access
Situated just off Highway 101 and near Stanford University, the location provides seamless connectivity for residents commuting across the Peninsula.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1951, the property may require significant capital expenditures for system upgrades and modernizing the units to remain competitive.
- Underperforming Local Schools
The immediate elementary and middle schools carry low ratings (2/10 and 3/10), which may limit the appeal for long-term family tenants.
- Compact Living Spaces
With four units totaling approximately 2,064 square feet, the average unit size is quite small, which could lead to higher tenant turnover.
About 2118 Addison Ave
2118 Addison Avenue is a well-positioned 4-unit apartment community in the city of East Palo Alto, California. Situated on a 5,000 square foot lot, the property was built in 1951 and offers a gross building area of approximately 2,064 square feet, featuring a mix of two-bedroom and one-bedroom floor plans designed with comfort and function in mind. Located just one mile from the Ravenswood 101 Shopping Center, tenants enjoy easy access to popular retailers such as Home Depot, IKEA, Target, and the PGA Superstore. T he property is also ideally situated near Highway 101, Stanford University, and many of the nation’s top tech employers, including Google, Apple, Facebook (Meta), Amazon, LinkedIn, SAP, Oracle, Cloudera, Visa, and Sony. East Palo Alto offers a vibrant mix of historic neighborhoods, cultural attractions, and retail conveniences, making it a sought-after location for both living and investing. With strong employment fundamentals, low vacancy rates, and a prime Silicon Valley location, 2118 Addison Avenue presents an excellent opportunity for investors and an attractive housing option for Peninsula residents. Buyer to do their own due diligence to confirm all details.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
East Palo Alto Unified Schools
Brentwood Academy
Grades K-5 • 0.8 mi
Laurel Elementary School
Grades K-5 • 1.3 mi
Willow Oaks Elementary School
Grades K-8 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 4.0 | 2.0 | 85% |
| Square foot | 5,000 | 1,540 | 98% |
| Lot Size | 5,000 | 6,211 | 23% |
| Price | $1.20M | $1.78M | 34% |
| Price per sq ft | $240 | $1.2K | 2% |
| Built year | 1951 | 1952 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 209 | 155 | 91% |
Pricing History
Listed for Sale
Nov 29, 2025
$1,200,000
$1,375,000
-13% Price Drop
Initial Listing
Price Change
Aug 10, 2025
$1,375,000
Initial Listing