2342 Palm Ave, Livermore, California 94550, Livermore, 94550 - 3 bed, 2 bath
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2342 Palm Ave
Livermore, California 94550
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,290Sq Ft
6,000Lot Size
Property Price
LIST PRICE$1,149,000
EST. MARKET VALUE
$986,271
16% AboveMARKET VALUE
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $1,149,000—positioned above the $986,271 Fair Market Value. While the list price exceeds the current estimation, the property offers significant utility through its two separate detached units on a single lot, providing versatile rental income potential. Featuring a Fair Condition Rating with recent cosmetic restorations, the home includes refinished hardwood floors and granite kitchen counters. Located near highly-rated schools like Livermore High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living solution.
Estimated Market Value
$986,271
Based on Realkey algorithm analyzing recent comparable sales in Livermore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2342 Palm Ave Subject | $1,149,000* List Price | 3 | 2 | 1,290 | $765 | - |
A 1359 Anza Way Sold | $895,000 | 3 | 2 | 1,284 | $697 | 0.8 mi |
B 645 S Livermore Ave Sold | $930,000 | 2 | 2 | 1,028 | $905 | 0.2 mi |
C 865 865 Bower Ct Sold | $925,000 | 3 | 2 | 1,475 | $627 | 0.4 mi |
D 1253 4th St Sold | $807,000 | 3 | 1 | 1,178 | $685 | 0.8 mi |
E 3910 East Ave Sold | $830,000 | 3 | 2 | 1,161 | $715 | 0.8 mi |
F 1148 Hillcrest Ct Sold | $820,000 | 2 | 1 | 1,047 | $783 | 0.8 mi |
G 3668 Oregon Way Sold | $1,085,000 | 3 | 2 | 1,628 | $666 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1951, the property has received recent cosmetic 'restorations' including new paint and refinished floors. However, the kitchen and bathrooms feature dated aesthetics such as green laminate-style countertops and older carpeting, placing it in the 'Fair' category as it requires modern updates despite being well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property features two separate detached units on a single lot, providing an excellent opportunity for rental income, a guest house, or multi-generational living with 15 yards of privacy between structures.
- Recent Interior Upgrades
The main residence has been meticulously restored with refinished original hardwood floors, new marble and tile flooring, and fresh paint throughout, offering a move-in-ready aesthetic with modern touches like granite counters in the rear unit.
- Exceptional Parking & Storage
A 100-foot gated concrete driveway, oversized two-car garage, and dedicated side yard access for a boat or RV provide rare and ample storage for vehicles and outdoor equipment.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With a total of only 1,290 square feet split between two separate units, the individual living areas and bedrooms are likely to feel compact and may not accommodate larger furniture or families.
- Vintage Infrastructure
Originally built in 1951, the property may have aging core systems such as plumbing, electrical, or insulation that could require more maintenance compared to newer constructions despite the cosmetic updates.
About 2342 Palm Ave
2 separate units on one lot. Main house 2 bed 1 bath. 2nd unit detached 1 bed 1 bath and attached oversized 2 car garage. 2nd unit can be used as in-law or rental unit detached and 15 yards to the rear of the main house encouraging quiet and privacy. Main house new paint refinished original hard wood flooring, new marble bathroom flooring new kitchen tile flooring. Complete painting throughout, all closets, rooms, kitchen and all doors. Back unit has granite entry and bath floors and counter. Either or both units may be used as rental. Driveway is concreted and 100+ feet long with secured gate. Garage may be for either unit or a combination thereof. Rear unit also has graveled side yard access for boat or vehicle. Fully landscaped and private yards.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Livermore Unified Schools
Jackson Avenue Elementary School
Grades K-5 • 1.3 mi
6/10
Junction Avenue K-8 School
Grades K-8 • 0.8 mi
4/10
East Avenue Middle School
Grades 6-8 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,290 | 1,788.221 |
| Lot Size | 6,000 | 7,309.632 |
| Price | $1.15M | $1.25M |
| Price per sq ft | $891 | $696 |
| Built year | 1951 | 1973 |
| HOA | $0 | $141 |
| Days on market | 12 | 38 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,149,000
Initial Listing
Sold
Dec 17, 2004
$538,000
Public Record
Sold
Nov 21, 2003
$440,000
Public Record
Sold
Jun 29, 2001
$400,000
Public Record