505 Runnymede Street C, East Palo Alto, California 94303, East Palo Alto, 94303 - 5 bed, 7 bath
Loading property details...
East Palo Alto, California 94303
Analysis of 505 Runnymede Street C, East Palo Alto, California 94303 is currently available with a list price of $2,950,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the East Palo Alto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property was built in 1926 (98 years old) with no mention of recent renovations to major systems, kitchens, or baths. The listing explicitly describes the site as 'ripe for development' and highlights subdivision potential, while noting that the pool is filled with gravel and debris needs to be removed, indicating the primary value is in the land rather than the aging structures.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22341, living area = 2880.
The expansive 22,341 sq. ft. lot is subdividable and features a pre-routed sewer line, offering a rare opportunity for developers to build additional units while maintaining the existing structures.
With a permitted 960 sq. ft. auxiliary unit and three attached studio units, the property offers a projected rental income of over $11,000 per month, making it an ideal high-yield investment.
The presence of debris, boats, and a pool filled with gravel indicates the property requires immediate site clearing and capital investment to restore its functional amenities.
Built in 1926, the main residence likely requires significant modernization and updates to meet contemporary building standards and buyer expectations for the price point.
This is a "Single Family Residence" with a pool and a 600 sq. ft. pool house. it includes a permitted 960 sq.ft.2nd (auxiliary) unit. there are also 3 studio units attached to the main house with separate entrances and baths. The lot is subdividable and the sewer line has been re-routed to facilitate subdivision. A smart buyer might occupy the rear half of lot while developing the front portion. The swimming pool is operational but was filled with gravel for safety purposes, due to the presence of small children. It can be recommissioned 100% at buyer request. Income potential of over $11,000/mo. if you include rental of main unit. This property is close to everything on the peninsula and is ripe for development in the new EAST PALO ALTO! All boats and debris to be removed.
No exterior & parking available.
Grades K-8 • 0.7 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 7.0 | 2.0 |
| Square foot | 2,880 | 1,310 |
| Lot Size | 22,341 | 6,703 |
| Price | $2.95M | $1.26M |
| Price per sq ft | $1.0K | $854 |
| Built year | 1926 | 1956 |
| HOA | $0 | $0 |
| Days on market | 349 | 44 |
Apr 24, 2026
$2,950,000
$3,900,000
-24% Price Drop
Initial Listing
Aug 7, 2025
$3,900,000
Initial Listing