2148 Ralmar Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - bed, bath
2148 Ralmar Avenue
East Palo Alto, California 94303
Property Price
SUMMARY
Analysis of 2148 Ralmar Avenue, East Palo Alto, California 94303 is currently available with a list price of $998,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1951, this quadruplex is functional and currently occupied, but it shows clear signs of age and lacks recent comprehensive renovations. The kitchens and bathrooms feature dated cabinetry and older appliances, while the flooring and fixtures reflect a property maintained through regular upkeep rather than modern updates. The infrastructure likely requires capital improvements to meet current efficiency and style standards.
PROSSTRENGTHS & OPPORTUNITIES
- High-Yield Investment Potential
This quadruplex offers four separate rental units at a price point typically seen for duplexes in the area, providing a rare opportunity for high cash flow or a 'house-hacking' strategy in the mid-peninsula.
- Prime Tech-Hub Proximity
Located less than two miles from Meta’s global headquarters and with immediate access to Highway 101, the property is perfectly positioned to attract a consistent pool of tech-sector tenants and commuters.
- Significant Equity Upside
Priced at less than half of its replacement cost, this asset offers substantial value-add potential in a submarket with rapidly improving demographics and strong long-term appreciation trends.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1951, the property likely requires capital expenditures for system upgrades or modernization to maintain its competitive edge and command top-market rents.
- Underperforming Local Schools
The immediate elementary and middle schools carry low ratings (2/10 and 3/10), which may deter long-term family tenants and limit the appeal to certain segments of the buyer market.
About 2148 Ralmar Avenue
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!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1951
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1951 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 9, 2026
$998,000
Initial Listing
Sold
Mar 6, 2015
$710,000
Public Record
Sold
Mar 13, 2014
$635,000
Public Record
Sold
Feb 12, 2001
$575,000
Public Record
Sold
Jul 22, 1997
$260,000
Public Record