2246 Ralmar, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 1 bath
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East Palo Alto, California 94303
This property presents a High-Potential Investment Opportunity with a List Price of $898,000—positioned well above the $715,318 Fair Market Value by -25%. With a Condition Rating of 6, this asset requires a comprehensive renovation to unlock its full potential. The 5,000-square-foot lot offers significant ADU and expansion possibilities for those looking to maximize density. This project is a strategic acquisition for Fix-and-Flip Investors or Contractors prepared to execute a total reconstruction in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2246 Ralmar Subject | $898,000* List Price | 3 | 1 | 1,000 | $715 | - |
A 2315 Ralmar Ave Pending | $870,000 List Price | 3 | 2 | 1,020 | $853 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1954 (70 years old) with no mention of renovations. The listing description 'ready for you to recreate' and 'huge upside' are industry indicators for a property in unlivable condition where the value lies in the land or a total reconstruction.
Marketed as a 'recreation' project with huge upside, this property is ideal for investors or builders looking to capitalize on the high demand for renovated homes in the Silicon Valley corridor.
Priced under $900,000, this listing offers a rare entry point into the 94303 zip code for a detached single-family residence, providing accessibility to a market often dominated by much higher price points.
The 5,000-square-foot lot provides ample space for footprint expansion or the addition of an Accessory Dwelling Unit (ADU), allowing owners to maximize the property's density and rental income potential.
The property is presented as a fixer-upper needing a full 'recreation,' which implies significant immediate capital expenditure and the need for a buyer prepared for a major construction project.
A three-bedroom configuration paired with only a single bathroom represents functional obsolescence for modern families, likely requiring a layout reconfiguration to add a second bath for better marketability.
Great opportunity in East Palo Alto 3 bedroom 1 bath with huge upside and possibilities. Ready for you to recreate into your new home.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
Grades K-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 1,000 | 1,526 | 6% |
| Lot Size | 5,000 | 6,896.5 | 13% |
| Price | $898.0K | $3.23M | 4% |
| Price per sq ft | $898 | $1.9K | 20% |
| Built year | 1954 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 114 | 4% |
May 12, 2026
$898,000
Initial Listing