2315 Ralmar Ave, East Palo Alto, California 94303, East Palo Alto, 94303 - 3 bed, 2 bath
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East Palo Alto, California 94303
This Value-Add Residential Asset is listed at $870,000, positioned near its $847,847 Fair Market Value. Currently holding a Poor Condition Rating, the structure requires a comprehensive rehabilitation to address significant deferred maintenance and dated interiors. However, the primary value lies in the 6,250 sq. ft. lot, which offers substantial ROI potential through expansion or ADU development in a land-scarce region. Located in a strategic Silicon Valley corridor, this property provides a clear path to forced appreciation. It is a high-upside acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2315 Ralmar Ave Subject | $870,000* List Price | 3 | 2 | 1,020 | $831 | - |
A 2509 Illinois Street Sold | $955,000 | 3 | 1 | 1,030 | $927 | 0.7 mi |
B 2782 Fordham Street Sold | $771,000 | 3 | 1 | 969 | $796 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954, this property requires substantial rehabilitation and is marketed primarily for its land value and 'vision' potential. Interior images reveal heavily stained and soiled carpeting, a dated kitchen with aging tile countertops and floral accents, and unfinished laundry hookups with holes in the drywall. The overall condition indicates significant deferred maintenance, making it uncomfortable for immediate occupancy without major updates to flooring, walls, and systems.
The 6,250 sq. ft. lot is a significant asset in the land-scarce Peninsula, offering ample space for expansion, ADU potential, or a complete rebuild.
Situated in the heart of East Palo Alto, the property provides exceptional proximity to major tech employers and the high-demand Silicon Valley corridor.
Priced competitively with a motivated seller, this property represents a rare entry-level opportunity for investors or buyers looking to build equity through renovation.
The 1954-built home is marketed as a 'vision' project, implying that significant capital and effort are required to bring the structure up to modern standards.
At just 1,020 sq. ft. for a three-bedroom configuration, the living spaces are notably small and may require a layout reconfiguration to be functional for modern families.
God isn't building more land. This relatively small house, which is located in the middle of everything, sits on a 6,250 sq. ft. lot in the Peninsula where land is very scarce. Opportunity is knocking—will you answer? Welcome to 2315 Ralmar Avenue, a rare gem in the heart of East Palo Alto, where possibility meets potential. Whether you’re a first-time buyer ready to plant roots or an investor searching for your next smart move, this is the kind of opportunity that doesn’t wait, especially at this price. Imagine stepping into a property you can shape, design, and make truly your own! The value is in the vision. With strong upside potential and a location that keeps you connected to Silicon Valley, this home offers more than just a place to live—it offers a path to growth, equity, and long-term success. For the first-time buyer, this is your chance to break into one of the Bay Area’s most accessible markets. For the investor, the numbers and demand make this a compelling addition to your portfolio. Seller is motivated. Priced to move. Opportunities like this attract attention and action. Don’t just watch it happen. Be the one who moves first. Attend our Open House this weekend.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,020 | 1,500 | 14% |
| Lot Size | 6,250 | 6,480 | 47% |
| Price | $870.0K | $3.12M | 6% |
| Price per sq ft | $853 | $1.8K | 24% |
| Built year | 1954 | 1952 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 139 | 8% |
Mar 20, 2026
$870,000
Initial Listing