838 Boyce Avenue, Palo Alto, California 94301, Palo Alto, 94301 - 6 bed, 6 bath
838 Boyce Avenue
Palo Alto, California 94301
Property Price
SUMMARY
Analysis of 838 Boyce Avenue, Palo Alto, California 94301 is currently available with a list price of $5,995,000. 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 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1948, this property is 76 years old. The listing description explicitly emphasizes the 'opportunity to purchase roughly half an acre' and 'Build your dream home' or 'start new,' indicating the primary value is in the land for redevelopment. The existing structures are referred to as 'cottages' that could potentially be kept as 'guest homes,' but the main focus is on new construction. There is no mention of any significant renovations in the past 50 years, aligning with the 'tear-down' criteria where the structure's value is based solely on the land and its potential for redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Desirability
Situated in a highly coveted North Palo Alto neighborhood, offering prestige and strong investment potential.
- Expansive & Private Lot
A rare ~0.5-acre lot (20,077 sqft) in Palo Alto, providing exceptional privacy via a dedicated driveway.
- Significant Development Opportunity
Presents an incredible opportunity to build a custom dream home or redevelop, with flexible options for existing structures.
CONSRISKS & DEFICIENCIES
- Age & Condition of Structures
Built in 1948, the existing cottages likely require substantial renovation or demolition, indicating the property's primary value is in the land.
- Functional Layout Challenges
The current configuration of multiple cottages may not suit a traditional single-family residence without extensive reconfiguration or a complete rebuild.
- Extended Market Duration
Being on the market since March 2022 suggests potential challenges related to pricing, the property's unique nature as a land play, or specific buyer requirements.
About 838 Boyce Avenue
Incredible opportunity to purchase roughly half an acre (~20,077sf lot) in a prime North Palo Alto location. Build your dream home in this coveted location with ultimate privacy and close proximity to Downtown Palo Alto and parks. A private driveway takes you back into a private oasis. Keep a few of the cottages as guest homes and add the Single-family home of your dreams or start new. The possibility and limitless. Sought after Palo Alto schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 20,077 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Palo Alto Unified Schools
Addison Elementary School
Grades K-5 • 0.2 mi
Duveneck Elementary School
Grades K-5 • 0.8 mi
Laurel Elementary School
Grades K-5 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 94% |
| Baths | 6.0 | 3.0 | 88% |
| Square foot | 2,324 | 2,324 | 50% |
| Lot Size | 20,077 | 6,729 | 97% |
| Price | $6.00M | $4.50M | 67% |
| Price per sq ft | $2.6K | $2.2K | 73% |
| Built year | 1948 | 1924 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 1461 | 156 | 0% |
Pricing History
Listed for Sale
Mar 7, 2022
$5,995,000
Initial Listing