2383 Menalto Avenue, East Palo Alto, California 94303, East Palo Alto, 94303 - 4 bed, 2 bath
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East Palo Alto, California 94303
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $1,198,000—positioned well below the $1,233,377 Fair Market Value by 2%. This valuation gap provides $35,377 in Instant Equity. Boasting a Turnkey Condition Rating, the home features a fully remodeled interior, a 2-year-old roof, and a spacious 7,252 sqft lot with significant ADU or SB9 lot split potential. Located near major tech hubs, it balances immediate comfort with long-term development upside. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2383 Menalto Avenue Subject | $1,198,000* List Price | 4 | 2 | 1,460 | $845 | - |
A 2352 Menalto Avenue Sold | $900,000 | 2 | 1 | 1,010 | $891 | 0.1 mi |
B 2370 Ralmar Avenue Sold | $1,310,000 | 4 | 3 | 1,963 | $667 | 0.1 mi |
C 1221 Westminster Avenue Sold | $1,057,000 | 3 | 2 | 1,240 | $852 | 0.2 mi |
D 2055 Oakwood Drive Sold | $1,035,000 | 2 | 1 | 990 | $1,045 | 0.7 mi |
E 2170 Clarke Avenue Active | $998,800 List Price | 3 | 2 | 1,450 | $689 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1941 home has been fully remodeled and is in turnkey condition. It features a 2-year-old roof, a modern kitchen with quartz countertops and stainless steel appliances, updated flooring, and recessed lighting throughout, meeting the criteria for a recent high-quality renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7252, living area = 1460.
The property is fully remodeled and move-in ready, featuring a two-year-old roof, new backyard patio, and fresh landscaping, minimizing immediate post-purchase expenses.
With a generous 7,252 sqft lot, the property offers significant long-term value through potential ADU construction or an SB9 lot split, providing flexibility for investors or multi-generational families.
Originally built in 1941, the home may possess underlying aged components or structural limitations typical of older properties that cosmetic remodels do not always address.
The property is located in a district that is often perceived as less competitive than neighboring Palo Alto or Menlo Park, which may impact resale appeal for education-focused buyers.
Move-in ready and affordable fully remodeled home on a spacious lot in a quiet East Palo Alto location! This flexible property features 4 bedrooms plus an office and storage room, a bright open floor plan, and a huge primary suite. Recent upgrades include a 2-year-old roof, new backyard patio, and fresh landscaping, offering modern comfort and peace of mind. Conveniently located with easy access to major commute routes and leading tech companies, this home combines value, space, and long-term potential. A rare opportunity to own a turnkey home with great potential for an ADU or SB9 lot split. Some lenders have discounted rate or closing Grants for this property if you are qualified 1st time buyers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,460 | 1,490 | 48% |
| Lot Size | 7,252 | 6,490 | 64% |
| Price | $1.20M | $3.11M | 30% |
| Price per sq ft | $821 | $1.8K | 22% |
| Built year | 1941 | 1952 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 142 | 2% |
Apr 14, 2026
$1,198,000
Initial Listing
Mar 14, 2023
$1,058,000
Public Record
Apr 14, 2022
$875,000
Public Record