2148 Ralmar Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - bed, bath
ACTIVE$998,000
2148 Ralmar Avenue, East Palo Alto, California 94303
0Bed
0Bath
1,840Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: This quadruplex offers significant rental income with four units (two 2x1 and two 1x1) and 'strong stable residents,' providing flexibility to 'live in one rent the others' for diversified income.
Top Cons:
Property Age: Built in 1951, the property is over 70 years old, which may suggest outdated systems (e.g., plumbing, electrical, roofing) and potential for significant deferred maintenance or renovation costs.
Compared to the nearby listings
Price:$998.0K vs avg $1.24M ($-246,000)50%
Size:1,840 sqft vs avg 2,449 sqft50%
Price/sqft:$542 vs avg $51550%
More Insights
Built in 1951 (74 years old).
Condition: The property was built in 1951, making it 73 years old. While the roof appears to be a newer update, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical systems. Given the age of the property and the lack of any mentioned or visible major renovations, it is highly probable that the interior components, especially the kitchen and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet current standards. The listing description emphasizes 'investment opportunity' and 'priced to sell,' which often indicates that the property's current condition is not a primary selling point and significant work is needed.
Year Built
1951
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
$542
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025335
Home ConditionPoor
Features
Patio
View-
About this home
Incredible investment opportunity in East Palo Alto. Priced to sell. Four units, two, 2x1 and two 1x1, n-site parking, strong stable residents. Live in one rent the others. Great mid peninsula location. with quick access to 101, Ravenswood retail, tons of jobs within short distance, less then two miles from Meta world headquarters. Every demographic improves each year in East Palo Alto. Asking price less then half of replacement cost, and comparable with many duplex's in the same city. Endless opportunity!
Nearby schools
2/10
Brentwood Academy
Public,•K-5•0.8mi
8/10
Laurel Elementary School
Public,•K-5•1.3mi
2/10
Willow Oaks Elementary School
Public,•K-8•0.6mi
3/10
Costano Elementary School
Public,•K-8•1.0mi
/10
Ronald Mcnair Academy
Public,•6-8•1.1mi
8/10
Hillview Middle School
Public,•6-8•3.2mi
7/10
Menlo-Atherton High School
Public,•9-12•1.4mi
Condition Rating
Poor
The property was built in 1951, making it 73 years old. While the roof appears to be a newer update, there are no interior images provided to assess the condition of the kitchen, bathrooms, appliances, flooring, or other critical systems. Given the age of the property and the lack of any mentioned or visible major renovations, it is highly probable that the interior components, especially the kitchen and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet current standards. The listing description emphasizes 'investment opportunity' and 'priced to sell,' which often indicates that the property's current condition is not a primary selling point and significant work is needed.
Pros & Cons
Pros
High Income Potential: This quadruplex offers significant rental income with four units (two 2x1 and two 1x1) and 'strong stable residents,' providing flexibility to 'live in one rent the others' for diversified income.
Strategic Location: Situated in a 'great mid peninsula location' with 'quick access to 101,' proximity to 'Ravenswood retail,' and 'less than two miles from Meta world headquarters,' ensuring strong tenant demand and appreciation potential.
Strong Value Proposition: The property is 'priced to sell' and listed at 'less than half of replacement cost,' making it a potentially undervalued asset compared to new construction or similar properties in the area.
Positive Market Dynamics: The statement 'Every demographic improves each year in East Palo Alto' indicates a growing and appreciating market, enhancing long-term investment returns and property value.
On-Site Parking: The availability of 'on-site parking' is a valuable amenity for tenants, particularly in a multi-unit property located in a desirable and potentially dense urban area.
Cons
Property Age: Built in 1951, the property is over 70 years old, which may suggest outdated systems (e.g., plumbing, electrical, roofing) and potential for significant deferred maintenance or renovation costs.
Lack of Renovation Details: The description does not specify any recent upgrades or renovations, implying that the units might require modernization to maximize rental income, tenant appeal, and meet current market expectations.
Historical Area Perception: Despite improving demographics, East Palo Alto has historically faced perception challenges, which, for some, might still influence tenant or buyer interest, even with the current growth trajectory.