505 Runnymede Street C, East Palo Alto, California 94303, East Palo Alto, 94303 - 5 bed, 7 bath
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East Palo Alto, California 94303
Analysis of 505 Runnymede Street C, East Palo Alto, California 94303 is currently available with a list price of $3,900,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
Built in 1926, this property is marketed primarily for its land value and development potential. The listing mentions the need for debris removal and a decommissioned pool filled with gravel, indicating significant deferred maintenance. While it currently functions as a multi-unit rental, the age of the structures and the 'ripe for development' description suggest that major systems and finishes are outdated and require substantial rehabilitation or replacement.
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 specifically designed to facilitate future development of the front portion.
With a permitted 960 sq. ft. auxiliary unit and three attached studios, the property offers a robust projected rental income of over $11,000 per month.
The property currently contains boats and debris that require removal, and the pool is filled with gravel, necessitating immediate cleanup and restoration costs.
Built in 1926, the main residence likely requires significant modernization and potential structural updates to meet contemporary standards and building codes.
Operating a multi-unit site with five distinct living spaces and a pool house involves high management intensity and potentially higher-than-average utility and maintenance overhead.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 7.0 | 2.0 | 98% |
| Square foot | 2,880 | 1,540 | 90% |
| Lot Size | 22,341 | 6,500 | 96% |
| Price | $3.90M | $3.14M | 78% |
| Price per sq ft | $1.4K | $1.8K | 45% |
| Built year | 1926 | 1952 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 258 | 145 | 94% |
Aug 7, 2025
$3,900,000
Initial Listing