2351 Ralmar Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - 5 bed, 3 bath
Loading property details...
2351 Ralmar Avenue
East Palo Alto, California 94303
ACTIVE
CONDITION: POOR
5Beds
3Baths
1,570Sq Ft
6,250Lot Size
Property Price
LIST PRICE$1,190,000
EST. MARKET VALUE
$1,192,476
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,190,000—positioned well below the $1,192,477 Fair Market Value by 0.21%. This valuation gap offers $2,477 in Instant Equity for buyers. Featuring a 5-bedroom, 3-bathroom layout, the home has a Condition Rating of 5, requiring significant renovation to modernize its 1940s infrastructure. Its strategic location near Silicon Valley employment centers makes this a value-add asset ideal for Buy-and-Hold Investors or Contractors seeking to maximize rental income.
Estimated Market Value
$1,192,476
Based on Realkey algorithm analyzing recent comparable sales in East Palo Alto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2351 Ralmar Avenue Subject | $1,190,000* List Price | 5 | 3 | 1,570 | $760 | - |
A 2315 Ralmar Ave Sold | $860,000 | 3 | 2 | 1,020 | $843 | 0.1 mi |
B 2509 Illinois Street Sold | $955,000 | 3 | 1 | 1,030 | $927 | 0.7 mi |
C 2719 Xavier Active | $999,999 List Price | 4 | 2 | 1,710 | $585 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940 and marketed as a 'renovation project' to be sold 'AS-IS,' this property is over 80 years old with no evidence of recent renovations. The listing description explicitly invites buyers to 'bring your vision' for a remodel, indicating the home likely has dated systems and requires a significant rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Occupancy Potential
The rare 5-bedroom, 3-bathroom configuration provides significant utility for large families or investors looking to maximize rental income in a high-demand market.
- Strategic Silicon Valley Location
Ideally situated near major tech employment centers, highways, and amenities, offering excellent long-term appreciation potential and convenience for commuters.
- Value-Add Opportunity
As a renovation-ready project, this property allows buyers to build immediate equity by customizing the home and modernizing it to current market standards.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is sold in 'as-is' condition and requires significant updating, which may necessitate a large capital outlay and complicate traditional financing.
- Aged Infrastructure
Built in 1940, the home likely features dated systems and a dense 5-bedroom layout within 1,570 square feet that may feel constrained without structural reconfiguration.
About 2351 Ralmar Avenue
East Palo Alto Opportunity 5 Bedrooms, 3 Bathrooms! Bring your vision to this 5-bedroom, 3-bathroom property in East Palo Alto. This home offers an exciting opportunity for buyers, investors, contractors, or anyone looking for a renovation project with potential to create value. The property is being sold AS-IS and may benefit from updating and remodeling. Conveniently located near major highways, shopping, dining, schools, and Silicon Valley employment centers. Whether you're looking to renovate, customize, or add to your investment portfolio, this property offers an opportunity to explore. Buyer and buyers agent to independently verify all property information, including square footage, lot size, bedroom/bathroom count, permits, zoning, and other property characteristics.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 1.8 |
| Square foot | 1,570 | 1,246.667 |
| Lot Size | 6,250 | 5,372.222 |
| Price | $1.19M | $1.21M |
| Price per sq ft | $758 | $798 |
| Built year | 1940 | 1953 |
| HOA | $0 | $304 |
| Days on market | 28 | 48 |
Pricing History
Listed for Sale
Aug 12, 2026
$1,190,000
Initial Listing
Sold
Feb 24, 2005
$620,000
Public Record
Sold
Nov 19, 2001
$555,000
Public Record