1168 Beech Street, East Palo Alto, California 94303, East Palo Alto, - bed, bath
ACTIVE$4,250,000
1168 Beech Street, East Palo Alto, California 94303
24Beds
24Baths
13,500Sqft
27,415Lot
Year Built
1900
Close
-
List price
$4.25M
Original List price
$3.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81931155
Home ConditionTear down
Features
View-
About this home
This is a house with big lot demolished already, to be sold with 1172 Beech St total lot size is over 40,000SF, per consultation and referring to 6 homes on HENRY CT 6 SFR can be build on this property.
Price History
Date
Event
Price
08/13/25
Price Change
$4,250,000
06/08/23
Listing
$3,950,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (53 Listings) | |
|---|---|---|---|
| Beds | 24 | 3.5 | 98% |
| Baths | 24 | 2 | 98% |
| Square foot | 13,500 | 1,603 | 98% |
| Lot Size | 27,415 | 7,085 | 98% |
| Price | $4.25M | $3.18M | 83% |
| Price per square foot | $315 | $1,634 | 2% |
| Built year | 1900 | 9760976 | 2% |
| HOA | |||
| Days on market | 882 | 141 | 98% |
Condition Rating
Tear down
The MLS listing explicitly states, 'This is a house with big lot demolished already.' The property is being sold for its land value and redevelopment potential (to build 6 SFRs), indicating that any previous structure was either unlivable or removed to facilitate new construction. There are no existing structures to assess for condition, kitchen, or bathroom features.
Pros & Cons
Pros
Significant Development Opportunity: The property offers explicit potential to build 6 Single Family Residences (SFRs) on the combined lot, presenting a substantial development project.
Expansive Combined Lot Size: With a total lot size exceeding 40,000 sq ft (nearly an acre), there is ample space for a multi-unit residential development in a high-demand area.
Demolition Completed: The existing house has already been demolished, saving the buyer significant time, cost, and effort associated with site preparation and clearing.
Prime Silicon Valley Location: Situated in East Palo Alto, the property benefits from its location within the highly competitive and desirable Silicon Valley real estate market.
Adjacent Parcel Included: The sale includes 1172 Beech St, ensuring a contiguous and sufficiently large parcel to realize the proposed 6-SFR development.
Cons
High Upfront Capital & Development Costs: The $4.25M list price is for land only, requiring significant additional capital investment for the construction of 6 SFRs, making it a substantial financial undertaking.
Permitting & Entitlement Risk: While the potential for 6 SFRs is noted, the actual permitting and entitlement process can be complex, time-consuming, and costly, with no guarantee of a smooth or quick approval.
No Immediate Income Generation: As a vacant lot with a demolished structure, the property will incur carrying costs (e.g., taxes) without generating any revenue until the development is completed and units are sold or leased.