
East Palo Alto, California 94303
This Dual-Unit Residential Asset is a Strong Value Opportunity, listed at $1,599,000—positioned above the $1,463,039 Fair Market Value. While priced for the market, the property offers exceptional utility through its brand-new rear residence and 12,045 sqft lot. With a Condition Rating of 2, the modern construction features solar power and high-end finishes, providing a turnkey lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors seeking dual-income streams or Owner-Occupants looking to offset housing costs through rental flexibility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2260 Clarke Avenue Subject | $1,599,000* List Price | 4 | 3 | 1,958 | $747 | - |
A 2383 Menalto Avenue Sold | $1,180,000 | 4 | 2 | 1,460 | $808 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a brand-new second home with high-end modern finishes, including soaring wood ceilings, a sleek contemporary kitchen, and spa-inspired bathrooms. Systems are top-tier and recently installed, featuring solar power, a new electrical panel, and a modern heat pump water heater. While the front house is older (1919), it is well-maintained and functional, but the overall property condition is defined by the new construction and recent high-quality upgrades.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12045, living area = 1958.
The property features two separate homes on a single lot, offering exceptional flexibility for multi-generational living or the ability to live in one and rent the other to significantly offset housing costs.
The rear residence is a brand-new, contemporary build featuring soaring wood ceilings, solar power, and high-end indoor-outdoor living amenities including motorized awnings and spa-inspired baths.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12045, other record lot size in square feet = 10647. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1958, other record living area = 950.
With 197 days on the market and a significant price increase from the original listing, the property may face challenges regarding buyer perception of value and market positioning.
The original front home dates back to 1919, which may require more frequent maintenance and upgrades to align with the modern standards and efficiency of the newly constructed rear unit.
A rare opportunity to own two separate homes on one property, offering exceptional flexibility for living, investing, or multi-generational use. Live in one, rent the other, or lease both for added incomean ideal setup to reduce overall housing costs. The front home offers a traditional feel with a comfortable, functional layout suitable for an owners residence or steady rental. Toward the back of the property sits a completely brand-new home designed for modern living, featuring soaring wood ceilings, clean lines, and an open-concept layout anchored by a sleek contemporary kitchen. Large glass sliders open to a covered patio with motorized awnings that adjust for sun or shade, creating a true indoor/outdoor living experience ideal for entertaining or relaxing year-round. Thoughtful finishes and spa-inspired baths make the space move-in ready. Solar provides ample power for most needs of both homes, adding efficiency and long-term savings. Plenty of parking is available with dedicated space on both sides of the property, plus a garage for added convenience. With generous outdoor space remaining, theres room to gather, entertain, or enjoy the flexibility this unique property offers. A versatile investment with lifestyle options today and strong upside for the future.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 1.8 |
| Square foot | 1,958 | 1,246.667 |
| Lot Size | 12,045 | 5,372.222 |
| Price | $1.60M | $1.21M |
| Price per sq ft | $817 | $798 |
| Built year | 1919 | 1953 |
| HOA | $0 | $304 |
| Days on market | 217 | 48 |
Jun 4, 2026
$1,599,000
$1,248,888
+28% Price Increase
Initial Listing
Feb 4, 2026
$1,248,888
Initial Listing
Jul 3, 2018
$1,200,000
Public Record
Aug 15, 2000
$250,000
Public Record